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Friday, August 04, 2017
Regional competition is the competition of system supply
ANBOUND

Recently, the overall trend of China's domestic economic growth has slowed down; the real economy is trapped, and the debt risk is increasing. Earlier this year, Jiangsu Provincial Party Secretary Li Qiang at the county party secretary meeting mentioned that facing the problems of the development, the only one solution is reform. The essence of reform is to provide an effective system of supply, and that institutional supply is more important than the supply of factors, while a good system can attract more high-end elements of resources. In certain sense, the competition between regions has become the competition of reform, as well as the competition of institutional environment and system supply. The winners of development initiative are those who have a head start in the reform.

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