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

Abstract

<p>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.</p>