Off the wire
• UN Security Council to hold consultations on DPRK  • Iran urges Saudi Arabia to de-escalate tensions amid cleric row  • 1st LD: PNA won't dissolve or collapse: Abbas  • Unidentified dropping objects from sky manufactured by Russia: Vietnamese army  • Philippines condems DPRK's hydrogen bomb test  • Standings of CBA league  • Results of CBA league  • 2nd LD-Writethru-Xinhua Insight: China conducts successful test flights at newly-built airfield in South China Sea  • 1st LD: Jordan summons Iranian ambassador, protests attack on Saudi embassy  • Russian naval ships visit central Vietnam  
You are here: 　 Home

Xi calls for supply-side reform

Xinhua, January 6, 2016 Adjust font size:

Chinese President Xi Jinping urged more work to advance supply-side structural reform during his inspection tour of southwest Chongqing Municipality from Monday to Wednesday.

Though factors hampering economic development lie in both the demand side and the supply side, the supply side is principal, said Xi.

Supply-side reform is the latest buzzword among Chinese leaders and economists as the country moves to address issues like excess capacity, housing overhang, and unprofitable "zombie" state-owned enterprises.

Xi demanded more efforts to phase out excess capacity and restructure industries, in addition to lowering the companies' costs and developing emerging industries as well as service sectors.

The president said the supply system should be improved to cater for consumers better. Endi