Empirical Research on the Growth Path of China's Industrial Economy under the Background of Supply-side Reform

The report to the 19th national congress mentioned the supply-side reform once again based on the achievements made, and emphasized that the modernization of the economy should focus more on improving the quality of the supply system, accelerating the building of a strong manufacturing country and the development of advanced manufacturing. During the transition period, China’s economy is undergoing periodic changes and systematic adjustments. This is a stage of adjustment in which China actively seeks for rebalancing after the equilibrium relationship between major variables in the stage of high-speed growth is broken.