As for concerns that supply-side structural reforms will bring greater downward pressures on economic operation, Pan Jiancheng said any reforms could bring side effects, while we should focus more on strengthening social policies as support, make plans and preparations, make full use of financial funds, and reinforce regional coordination.
As China's GDP growth slowed to 6.7 per cent year on year in the first quarter of 2016, experts said that the country is mildly shifting gears in#
Moreover, Li Zuojun said that cutting industrial overcapacity, de-stocking, and de-leveraging should be combined with the cultivation of new growth engines, new industries and new technologies, which can generate the best effect for supply-side reform and will in turn promote economic growth. (SH)
ALCHEMPro News Desk – India
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