New Supply-side Economics (English‪)‬

China’s economy is on a point of changing now. At this crucial stage of replacing old growth drivers with new ones, its long-term development has helped China accumulate a huge economic aggregate, but China still faces the main contradiction of the aging supply structure. At the 11th conference of the CPC Central Leading Group for Financial and Economic Affairs on November 10, 2015, Xi Jinping proposed a concept of “supply-side structural reform” focusing on the main contradiction in China’s economic operation. As a founder and advocate of new supply-side economics in China, Teng Tai, the author of this book, proposed a complete theoretical system of new supply-side economics as early as in 2013. In 2015, he attended the Economic Situation Analysis Meeting of the State Council convened by Premier Li Keqiang and made written and oral reports on supply-side reform. The influence of the new supply-side economics school is rapidly expanding in China and even the world. In this book, Teng Tai will represent the context of new supply-side economics from an academic perspective, and demonstrate the significance, practice and future development of supply-side structural reform with examples and cases of China’s reform as arguments. The contents of this book mainly include: “New supply creates new demand”, “New supply-side economics circle”, “Economic growth drivers and models”, “Structural reform and supply upgrading”, with theoretical and practical examples in each chapter to analyze the supply-side structural reform and provide decisional opinions. With the help of cases and theories of China’s supply-side reform, the innovative academic value of this book is manifested by disseminating Chinese scholars’ research on China’s economics and deepening reform, and China's supply-side structural reform theories and practical researches to the world. With worldwide attention to China’s deepening reform and supply-side reform, the English edition of this book is a rare authoritative and high-quality academic work both from an academic and external publicity perspective.