1. The fundamental purpose of supply-side structural reform is to achieve high-quality economic development. The traditional growth model can no longer meet the people's demand for a better life, and it needs to achieve high-quality economic development. Supply-side structural reforms improve the quality and efficiency of supply, promote the upgrading and transformation of economic structure, achieve high-quality economic development, and improve people's living standards and happiness.
Second, the fundamental purpose of supply-side structural reform is to promote the transformation of economic development mode. In the past, China's economic growth was mainly driven by investment and export, but this growth mode was unsustainable, the investment benefit declined, and the export faced severe challenges. Supply-side structural reform promotes the transformation of economy from relying on investment and export to relying on innovation-driven growth mode by improving innovation ability, strengthening technological innovation and R&D investment, and realizes sustainable economic growth.
Third, the supply-side structural reform also aims to improve the quality and efficiency of supply. In the past, China's economic growth was mainly focused on quantity growth, ignoring quality and efficiency. Supply-side structural reform promotes supply-side structural reform, optimizes supply structure, improves supply quality, increases added value of products and services, improves production efficiency, and improves supply-side quality and efficiency.
Influence of supply-side structural reform on society
Supply-side structural reform helps to promote employment. By adjusting industrial structure and optimizing resource allocation, supply-side structural reform can guide economic development to a more efficient and innovative direction and create more employment opportunities. Especially in the process of promoting the development of emerging industries and high-tech industries, it will drive more employment opportunities and entrepreneurial opportunities, thus promoting social employment stability and people's employment satisfaction.
Supply-side structural reform is conducive to improving people's living standards. Supply-side structural reform can improve people's quality of life by optimizing supply structure and improving supply quality and efficiency. For example, by improving the quality and safety of agricultural products, improving the supply of medical and health services and improving the quality of education, people's living standards and happiness can be improved.