"It is important to observe problems and see the symptoms, and it is even more important to find the root cause. At present, under the background of "three-phase superposition", the outstanding problems affecting economic growth include aggregate problems, but structural problems are more prominent. The main contradiction

It means that supply and demand are not matched, coordinated and unbalanced, and the main aspect of the contradiction is not on the demand side, but on the supply side. Now, the effect of expanding domestic demand, especially expanding investment, is diminishing, and the supply system generally presents mid- to low-end products.

The situation of oversupply and insufficient supply of high-end products, as well as the excessive supply of many consumer goods but insufficient quality, has caused people to go abroad to buy toilet seats, rice cookers, and even medicines and toothpaste. Only while moderately expanding total demand and adjusting the demand structure, we should focus on strengthening the supply side.

Only through structural reforms can we achieve a jump from low-level supply and demand balance to high-level supply and demand balance.”