Vice-premier promotes demand, supply integration

Chinese Vice-Premier Liu He has underscored integrating the expansion of domestic demand with supply-side structural reform, which experts said delivered a key signal that more coordinated policy efforts are in the pipeline to strengthen the country's pursuit of high-quality development.

Achieving an integration of the strategy to expand domestic demand and deepening supply-side structural reform is a "major strategic move" and a long-term plan to rise to changes in the external and domestic environment and boost developmental autonomy, Liu said in an article published in People's Daily on Friday.

The integration means that the country will align the demand and supply-side efforts with the requirements of high-quality development, Liu said. A balance between effective demand and effective supply should be achieved, where demand expands in areas that satisfy people's needs while the quality and efficiency of the supply system are lifted to meet the demand.