Traditional Culture Encyclopedia - Traditional virtues - What does industrial reform mean?
What does industrial reform mean?
According to the inquiry of the National Development and Reform Commission, industrial reform refers to adjusting and optimizing the industrial structure through reform, improving the quality, efficiency and competitiveness of the industry and meeting the needs of market demand and social development. Industrial reform can be divided into supply side and demand side. Supply-side industrial reform refers to reducing inefficient low-end supply, expanding effective high-end supply, enhancing the adaptability and flexibility of supply structure to demand changes and improving total factor productivity from the perspective of producers. Demand-side industrial reform refers to guiding and creating new consumption demand, cultivating new consumption patterns, promoting consumption upgrading and diversification, and stimulating consumption potential and vitality from the perspective of consumers.
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