Demand-Side Reform under the New Development Pattern: Theoretical Connotations, Bottlenecks and Implementation Approaches

Tian Yang and Huaxiong Zhu
Additional contact information
Tian Yang: School of Marxism, Chengdu University of Information Technology, Chengdu 610225, China
Huaxiong Zhu: School of Economics, Zhongnan University of Economics and Law, Wuhan 430073, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2023, vol. 18, issue 3, 363-390

Abstract: In recent years, the changes in the external environment and domestic development conditions have promoted the transformation of China's economy to one dominated by domestic circulation. In December 2020, the Communist Party of China Central Committee put forward the demand-side reform for the first time in order to prepare China for the new development stage of the 14th Five-Year Plan (2021-2025) and to promote the new strategic deployment of China's high-quality development. Based on the paths and direction of the current 14th Five-Year Plan (2021-2015) to build a new development pattern, this paper elaborates on the theoretical connotations of the demand-side reform, points out the bottlenecks such as the unreasonable demand structure in China, the mismatch between the industrial system and the high-level demand, the resulting demand spillovers, the poor demand channels, and puts forward the current approaches to the demand-side reform in China.

Keywords: new development pattern; demand-side reform; supply-side; domestic demand expansion (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journal.hep.com.cn/fec/EN/10.3868/s060-017-023-0021-6 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fec:journl:v:18:y:2023:i:3:p:363-390

Access Statistics for this article

Frontiers of Economics in China-Selected Publications from Chinese Universities is currently edited by LONG Jie

More articles in Frontiers of Economics in China-Selected Publications from Chinese Universities from Higher Education Press
Bibliographic data for series maintained by Frank H. Liu ().