IDEAS home Printed from https://ideas.repec.org/a/fec/journl/v18y2023i3p324-335.html
   My bibliography  Save this article

Demand-Side Reform: A New Mission to Promote the Dual Circulation Development Pattern

Author

Listed:
  • LIU Zhibiao

    (Business School, Nanjing University, Nanjing 210093, China)

Abstract

Beginning with increasing effective demand, the demand-side reform advocates for the strategy to expand domestic demand, rectifies distortions in the demand structure, and further aligns demand and supply by reforming the mechanisms for demand formation and regulation, matching supply and demand structures, and easing restrictions on demand. This will enhance economic growth potential and operational efficiency. The demand-side reform contributes to developing a super-large-scale market and optimize market functions to form a unified national market. It also helps address significant structural distortions within domestic circulation and move faster to form a new development pattern of dual circulation. As demand-side reform inevitably deals with the vested interests of stakeholders, it presents challenges on par with supply-side structural reform. Therefore, due attention must be given in terms of priority and weight by increasing operational and property household income, transforming government functions, rectifying any excessive market-oriented reforms in certain public service sectors, among others.

Suggested Citation

  • LIU Zhibiao, 2023. "Demand-Side Reform: A New Mission to Promote the Dual Circulation Development Pattern," Frontiers of Economics in China-Selected Publications from Chinese Universities, Higher Education Press, vol. 18(3), pages 324-335, September.
    • Handle: RePEc:fec:journl:v:18:y:2023:i:3:p:324-335
    as

    Download full text from publisher

    File URL: https://journal.hep.com.cn/fec/EN/10.3868/s060-017-023-0019-5
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fec:journl:v:18:y:2023:i:3:p:324-335. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Frank H. Liu (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.