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New Normal and Supply-side Structural Reform

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Content Summary

This book is part of the "Series on Signifying Concepts of New Thought in the New Era," focusing primarily on the New Normal and supply-side structural reform. Divided into five chapters, the volume systematically clarifies the theoretical and practical issues surrounding the economic New Normal and supply-side structural reform. The content mainly includes research into the causes, background, developmental goals, and inherent attributes of the economic New Normal; the economic development tasks for establishing a modern economic system; and the concepts, theories, and practical research related to supply-side structural reform. This book serves to help readers correctly perceive and deeply understand our country’s economic New Normal and supply-side structural reform.

About the Author

Zeng Xiankui (born April 1977 in Qingzhou, Shandong Province) holds a PhD in Economics and is an Associate Research Fellow at the Institute of Marxism Studies of the Chinese Academy of Social Sciences (CASS). He is primarily engaged in research on industrial economics, political economy, and the theory of socialism with Chinese characteristics. He has participated multiple times in projects funded by the National Social Science Fund of China, projects of the Chinese Academy of Social Sciences, and commissioned research from departments such as the Central Propaganda Department. Simultaneously, he has participated in industrial planning projects presided over by the Institute of Industrial and Technological Economics of the Academy of Macroeconomic Research under the National Development and Reform Commission (NDRC). He is the author of four monographs: The Economic New Normal from the Perspective of National Governance, The Goal: The Great Goal of the Communist Party of China in the New Era, Supply-Side Structural Reform: Leading the Economic New Normal, and The New Normal and Supply-Side Structural Reform, along with several co-authored works. He has published over 60 academic articles in newspapers and academic journals such as Journal of Marxism Studies, Economic Review, Guizhou Social Sciences, and Chinese Social Sciences Today.

Table of Contents

Chapter 1: Overview of the Economic New Normal Section 1: Synthesis of the Economic New Normal

  1. The Proposing of the New Normal
  2. The Essence of the Economic New Normal is the Transformation of the Economic Development Pattern
  3. Characteristics of the Concept of the New Normal
  4. The Three Pillars of Qualitative Transformation in Economic Development under the New Normal Section 2: The Economic New Normal is the Economic Base of Socialism with Chinese Characteristics Entering the New Era
  5. The New Normal Implies that Economic Development Enters a Transformation After Reaching a Certain Level, Which Constitutes the Economic Base for the Change in the Principal Contradiction of Society [1]
  6. The New Era is an Era Connecting the Past and the Future, and the Corresponding Stage of Economic Development is Precisely the Economic Transformation under the New Normal
  7. Socialism with Chinese Characteristics in the New Era has Contributed a Chinese Solution for Resolving Human Problems, and Economic Development Achievements under the New Normal are Crucial to This Section 3: The Economic New Normal and the New Development Philosophy
  8. Overview of the Five Major Development Philosophies [2]
  9. The Economic New Normal and the Philosophy of Innovative Development
  10. The Economic New Normal and the Philosophy of Coordinated Development
  11. The Economic New Normal and the Philosophy of Green Development
  12. The Economic New Normal and the Philosophy of Open Development
  13. The Economic New Normal and the Philosophy of Shared Development

Chapter 2: Research on the Causes, Background, Development Goals, and Inherent Attributes of the Economic New Normal Section 1: Analysis of the Causes of the Economic New Normal

  1. From the Perspective of the Laws of Economic Development, Reaching a Certain Stage Necessitates Entry into a Period of Transformation
  2. From the Relationship Between Economic Growth Speed and Quality, the Importance of the Quality of Economic Development Continuously Increases Alongside Development
  3. From the Perspective of Developmental Drivers, the Factor-driven and Investment-driven Models are Difficult to Sustain, Rendering the Innovation-driven Model Imperative Section 2: Environmental Changes in Economic Development under the New Normal
  4. Global Economic Development Enters the Post-Financial Crisis Era
  5. Deep Changes Occur in the Domestic Demand Situation
  6. New Opportunities Emerge for Our Country’s Participation in International Economic Cooperation Section 3: Analysis of Our Country’s Economic Development Goals under the New Normal
  7. The First Centenary Goal: The Goal of Building a Moderately Prosperous Society in All Respects [3]
  8. 2020–2035: Basically Realizing Socialist Modernization
  9. 2035–2050: Building a Great Modern Socialist Country that is Prosperous, Strong, Democratic, Culturally Advanced, Harmonious, and Beautiful Section 4: Research on the Inherent Attributes of High-Quality Development in Our Country under the New Normal
  10. Discussion on the Concept of High-Quality Development
  11. Comparative Analysis of the Inherent Attributes of Our Country’s High-Quality Development

Chapter 3: Economic Development Tasks for the Current Stage: Establishing a Modern Economic System Section 1: Accelerating the Construction of an Innovation-Oriented Country

  1. The Current State of Our Country’s Technological Innovation
  2. Analysis of the Causes Behind Our Country’s Remaining Lag in Technological Innovation
  3. Recommendations for Enhancing Our Country’s Technological Innovation Capacity at the Current Stage Section 2: Improving the Socialist Market Economy System
  4. Continuing to Strengthen and Expand the State-Owned Economic System
  5. Constructing a Scientific Government-Market Relationship Section 3: Forming a New Pattern of All-Around Opening Up
  6. Persisting in Opening Up is an Important Factor in Promoting Our Country’s Economic Development in the New Era
  7. Several Key Tasks for Forming a Grand Pattern of Opening Up in the New Era Section 4: Promoting the High-Quality Development of Our Country’s Economy
  8. Placing Greater Emphasis on Promoting High-Quality Development through the Reform of State-Owned Enterprises (SOEs)
  9. Continuing to Enhance the Level of Effective Government Regulation of Economic Development and Advancing Reforms in Related Fields
  10. Actively Advancing the Strategy of an Innovation-Oriented Country

Chapter 4: Overview of Supply-Side Structural Reform Section 1: The Proposing of Supply-Side Structural Reform

  1. The Process of Proposing Supply-Side Structural Reform
  2. The Background and Significance of Proposing Supply-Side Structural Reform Section 2: Concepts and Theories Related to Supply-Side Structural Reform
  3. Analysis of the Concepts of the Demand Side and the Supply Side
  4. The Difference Between Supply-Side Structural Reform and Demand-Side Management Section 3: Differences Between Supply-Side Structural Reform and the Western Supply-Side School
  5. The Background of the Emergence of the Western Supply-Side School
  6. Theoretical Propositions of the Western Supply-Side School
  7. The Fundamental Difference Between Supply-Side Structural Reform and the Western Supply-Side School

Chapter 5: Practical Research on Supply-Side Structural Reform Section 1: Background of Proposing "Three De-s, One Reduction, and One Improvement" [4]

  1. Prominent Structural Contradictions in Certain Industries on the Supply Side
  2. High Costs Hindering the Improvement of Enterprise Competitiveness
  3. Certain "Short Boards" Affecting the Transformative Development of Our Country’s Economy Section 2: Main Policies and Effects of "Three De-s, One Reduction, and One Improvement"
  4. Analysis of Regulatory Focus and Effects of Cutting Overcapacity
  5. Analysis of Related Measures and Effects of Destocking
  6. Analysis of Related Measures and Effects of Deleveraging
  7. Analysis of Related Measures for Reducing Costs
  8. Analysis of Related Measures for Improving Weak Areas (Bolstering "Short Boards") Section 3: Outlook for Our Country’s Supply-Side Structural Reform After the 19th National Congress
  9. Continuing to Implement the Strategy of Strengthening the Nation through Quality to Drive Brand Improvement
  10. Accelerating the Development of Advanced Manufacturing
  11. Continuing to Advance the In-Depth Reform of "Three De-s, One Reduction, and One Improvement"