The annual conference made supply-side structural reform a central economic policy framework for 2016, including capacity cuts, deleveraging, destocking, cost reduction and stronger weak links. The approach sought to address overcapacity but placed adjustment costs on workers, localities and firms in affected industries.
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What did supply-side structural reform target?
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Explanation
The framework combined capacity reduction, deleveraging, destocking, cost reduction and targeted investment.
Supply-side structural reform included capacity cuts and deleveraging.
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Explanation
The policy agenda addressed overcapacity and corporate debt among other issues.