Pursuing Effective Demand to Lead Supply and Thereby Create Demand with High-Level Supply——Study of Xi's Discussion on the Benign Interaction between Supply and Demand in Macroeconomic Gov-ernance
Studying Xi's macroeconomic governance,especially his discussion of the benign interaction be-tween supply and demand,will help us put in context China's macroeconomic governance and macro-control poli-cies.It will also help deepen our understanding of and consciously follow the objective economic laws of the new era.This course of action has important theoretical and practical significance for accelerating the construction of new,high-quality development patterns.In the face of such imbalances as insufficient demand for economic devel-opment,"Let the two approaches of deepening supply-side structural reform and expanding effective demand work together"is an important law that will help us to do economic work well in the new era.At present,to realize the needed synergy,policy orientation must focus on effective demand that leads supply and creates demand with high-level supply.To achieve this goal,policy efforts should focus on formulation and transmission mechanisms,govern-ance mechanisms,and institutional foundations so macroeconomic governance and policy regulation will become more effective.
macroeconomic governanceequilibrium between supply and demandsupply-side structural reformeffective demandbenign interaction
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