Research Focus on Supply-side Structural Reform in Northwestern Industrial City of China: Taking Baotou as an Example

Abstract

Economy in China has been transformed from rapid growth to high-speed growth stage. Under the background of the new normal, China’s economic structure is in the situation of mismatch between supply and demand. President Xi put forward at the end of 2015: when moderately expand demand by following methods—decreasing productivity, destocking as well as deleveraging, deleting ineffective supply and reducing cost, we should strengthen supply-side structural reform at the same time. The quality and efficiency in supply-side structure are the power of sustainable economic growth. Thus, as the core of supply-side structural reform, cities are transforming supply-side structural reform from word to reality.