BizBeat Ep. 260: Why China needs supply-side structural reform

An article of '10 questions on the Chinese economy', was widely read in which special emphasis was placed on supply-side structural reform and its importance to the Chinese economy. Major components in supply-side reform include eliminating the supply surplus and releasing the excessive resources, necessary to enhance the efficiency and promote economic growth. In a broad sense, it means de-stocking, de-leveraging and cost reduction. The Chinese economy needs supply-side reform to unlock potential demand and further boost economic momentum. In this episode of BizBeat, CGTN's Kate Kui takes a look at why supply-side reform is of great significance to China's economy.

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