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Chinese and Foreign Supply-side Economics and the Current Chinese Economic Reform

Yamin Qin, Guangqi Ma

Abstract


China’s economy has entered a new normalcy, and its economic growth has been slowing down. It urgently needs some effective measures to deal with it. With the central government’s constant mention of “supply-side structural reforms”, the supply-side economics, a economics of economics that flashed past in American history, gets more and more attention again. At the same time, “New Supply-side Economics” and its propositions stepped onto the stage of China’s economic reform. So where does the supply-side economics come from? Is the new supply economics different and connected with it? What impact will it have on China’s economic reforms? This article will make a simple and systematic review of these questions.


Keywords


Supply-side Economics; New Supply-side Economics; Supply-side Structural Reform

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References


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Say JB. A treatise on political economy. Beijing: The Commercial Press; 1982. p. 142+144–145.

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Teng T. Updating the supply structure, relaxing supply constraints, and lifting supply restraints-the theoretical innovation of new supplyist economics (in Chinese). World Economy Studies 2013; (12): 3–10.

Feng L, Chen C. How “supply-side reforms” affect the economy-economists discuss supply innovation (in Chinese). Guangming Daily 2015.




DOI: http://dx.doi.org/10.18686/fm.v5i3.2594

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