Due to targeted poverty alleviation measures, the country's poor population is forecast to fall by more than 10 million in 2016.
Unsurprisingly, China has also met with multiple challenges in carrying out reform.
Unexpected home price spikes in the first nine months pushed up residential leverage and swelled asset bubbles. Downsizing of the steel and coal sectors led to shrinking supply and shored up short-term prices, which impeded further reform. "Zombie companies" caused risks with unemployed workers and unresolved debts.
Despite the difficulties, policymakers have decided to stick with the reform in 2017 in a bid to address entrenched problems and find long-term growth momentum.
China will deepen supply-side structural reform next year, expanding reforms to more areas: overhauling the agricultural supply-side, reviving the real economy and stabilizing the property sector, according to the Central Economic Work Conference held earlier this month.
【国际英语资讯:China Focus: China to press ahead with supply-side reform】相关文章:
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