ABSTRACT

Focusing on the supply-side structural reform in China, this book investigates the impetus, implementation strategy, initial results and theoretical underpinnings of the revolution, assessing its significance in perfecting China’s socialist market economic system.

The supply-side structural reform launched in China in 2015 aims to thoroughly resolve the cyclical excess capacity and the habitual imbalance of economic structure; and form a long-term mechanism for economic stability, different from the supply-side policies under the Reagan Administration in the 1980s. Based on the analysis framework of aggregate demand and supply, combined with institutional and structural analysis, the title elucidates the reason, theory, measures and results that ground the reform. It explicates the three-step strategy to ensure the successful outcome, countermeasures against current supply-side problems, upgrading the economic structure, and most importantly the institutional reform and innovation. The author emphasizes the importance of reforming both market and government and advances a “double-effect” model combining the effective market and government.

This title will appeal to scholars, students and policymakers interested in economics, macroeconomic control, and the Chinese economy and economic system reform.

chapter |14 pages

Introduction

part Part I|59 pages

Cause

chapter 1|11 pages

The great transformation of China's economy

From supply shortage to supply surplus

chapter 2|17 pages

Cause of excess capacity

Demand analysis

chapter 3|8 pages

Cause of excess capacity

Supply analysis

chapter 4|21 pages

Cause of excess capacity

System analysis

part Part II|96 pages

General plan and results

chapter 5|14 pages

Effective handling of two relationships

chapter 6|12 pages

Three-step strategy of supply-side reform (1)

Symptomatic treatment

chapter 7|27 pages

Three-step strategy of supply-side reform (2)

Consolidation treatment

chapter 8|29 pages

Three-step strategy of supply-side reform (3)

Radical treatment

part Part III|44 pages

Theories

chapter 11|18 pages

Dual path of supply-side structural reform

Market-oriented reform and government reform

chapter |2 pages

Conclusion