Deepen structural reforms to hasten economic shift

What are the major contradictions facing China in its economic transformation and operation? Are these contradictions cyclical or structural in nature?

Objectively speaking, some adverse cyclical factors do plague the Chinese economy, but major structural imbalances are the major source of its current economic dilemma, contradictions and problems.

This highlights the need to address the major structural disequilibrium, by deepening structural reforms to expedite China's economic transformation and upgrading. In this process, the structural supply-demand imbalance should be tackled first.