Direct reporting network in Beijing in April 6th (Xinhua) since March 3rd, the country entered the two sessions, the supply side structural reform has become the focus of attention. Recently, such as the new group Greater China area vice president Li Chaodong in accepted an exclusive interview with Xinhua said, countries at the strategic level to make the "supply side structural reform" decisions means future of China's economic development focus point from the original heavy demand gradually transformed for the supply and demand for two-way force.

In Li Chaodong view, the supply side structural reform is the central problem oriented, from the decision-making level to enter the new normal, the Chinese economy out of a dose of medicine". "The supply side structural reform is the maximum variable in 2016 macroeconomic and market trends, not only to seize the key point of China's current economic problems, also is the comprehensive balanced, is an inevitable choice of China's economy in the new period, the next five years and ten years China's economic influence and function, it may be said that is the ease of."

Opportunities and challenges exist to stimulate production capacity to stimulate consumption

2016 is the "13th Five-Year" planning to start on the occasion, the first year is to promote the supply side structural reform. Currently, excess capacity is regarded as a major potential risk point of China's macro economic operation.

In this regard, Li Chaodong said that consumer goods supply and demand in China is facing a serious structural imbalance and dislocation of supply and demand has become an obstacle to China's sustained economic growth, and the constraints on China's economic transformation of a big burden is the excess capacity. "Overcapacity not only occupy a lot of human, financial and material resources, and the high cost of manpower, capital, land, and become at present in various industries in our country many enterprises stop neck rope. On the other hand, from the supply system of our country, on the whole is in the low end of the surplus products, lack of supply of high-end products, can not meet the effective consumption."

Thus, speeding up effectively resolve the excess capacity is placed in advance of the supply side structural reform highlights. For how to effectively resolve the excess capacity, Li Chaodong believes that the main task is to do a good job of strict control increment, active reduction, optimization of the stock of three tasks. "Effectively resolve the overcapacity is a complex systems engineering, the need for tackling the problem, Duocuobingju, mobilize and give full play to the enterprise has an important role, but behind the excess capacity, the shadow of the powerful government intervention. Similarly, to resolve the excess capacity can not be separated from the government's active as. In the process to resolve excess capacity, the government gives policy support, the overall responsibility of local government, but the key is to fully follow the laws of the market, to play the main role in the enterprise. "

However, behind the difficulties are also a major strategic opportunities. Since the end of 2015, the central economic work conference, to production, to inventory, deleveraging, reduce costs, and make up for weaknesses in the five tasks to focus on the supply side of the structural reform was officially launched. At the same time, "the release of the new demand, create new supply" is written into the the fifth Plenary Session of the 18th CPC Central Committee bulletin, become "Internet plus" Chinese manufacturing 2025 "" public entrepreneurship, innovation "and" The Belt and Road "and other new energy priority among priorities.

Li Chaodong said: "we should to build up the confidence, seize '2025' strategic opportunities for China's manufacturing, and economic and social development in various fields of manufacturing demand quantity and the level of in continuous improvement opportunities, focus on core business, foster strengths and circumvent weaknesses, grasp the trend of the industry, deep plowing market segmentation, Phoenix Nirvana in upgrades to speed up the pace."