Author(s)

Ruixue Gao

Corresponding Author

Ruixue Gao

ABSTRACT

Chinese economy has stepped into a new period, which is called “New Normal”. “New Normal” put forwards new requirements for Chinese economy development. Promoting supply-side structural reform is a major innovation to help China adapt to this significant time period. By interpreting the policies of various documents of supply-side structural reform, this paper finds innovation-related terms, analyses the innovation mechanism in the supply-side structural reform and proposes measures to promote China’s economic development. The purpose of this paper is to provides methods to the to further optimize industrial structure, improve the efficiency of supply development, and sustain Chinese economy to cope with the “New Normal”.

KEYWORDS

Supply-side structural reform, innovation driven, new normal