The five main tasks for addressing key economic challenges, under the mantra of ‘supply-side structural reform’: cutting capacity in low-profit and high-pollution industries, reducing real estate inventory, lowering enterprise costs, deleveraging the economy overall, and strengthening its weak links.
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four reductions and one improvement 三去一降一补…
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The five main tasks for addressing key economic challenges, under the mantra of ‘supply-side structural reform’: cutting capacity in low-profit and high-pollution industries, reducing real estate inventory, lowering enterprise costs, deleveraging the economy overall, and strengthening its weak links.