Supply-side reform reaps healthy return

NBS: Economic structure now more balanced

China has made new progress toward carrying out supply-side structural reform in the first quarter of the year, the National Bureau of Statistics said on Monday. Analysts said a balance should be struck between pushing forward reform and achieving stable economic growth.

Supply-side structural reform - as measures to raise efficiency, including cutting overcapacity, reducing inventories, deleveraging, lowering costs and strengthening weak links - have made much headway in the first three months of this year, said NBS spokesman Mao Shengyong.