The Fifth Plenary Session of the 19th Central Committee of the Party made the judgment of my country in the new stage of development。Accelerate the construction of domestic circulation as the main body、New development pattern of domestic and international dual cycles，is the core task of the next stage of the future。Building a new development pattern not only requires scientific strategic planning，It is necessary to form a new development momentum。

Practice of reform and opening up in my country，Reform and innovation is economic development、The powerful motivation of social progress，The required power required for the formation of the new development pattern，It also needs to be obtained through deepening reforms。Realize "twisting the supply -side structural reform，At the same time, pay attention to the demand -side reform "，"Forming demand traction supply、High -quality dynamic balance of supply creation needs，Therefore, to form the formation of domestic circulation as the main body、The new development pattern of domestic and international dual cycles is promoted to provide necessary motivation。

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Supply -side structural reforms were the central government at the end of 2015，For the production capacity of my country、Delivery、deleveraging、Cost -down、Make up the five major tasks proposed，mainly targeting domestic economic problems at that time，Getting good results。Since 2018，With the appearance bet365 Play online games of Sino -US trade friction and the epidemic of new crown pneumonia，The international market and the global industrial chain is affected by unprecedented destructiveness。These uncertainties have completely changed the previous international economic pattern，and difficult to get fundamental recovery in the short term。In the new development stage，Supply -side structural reforms are more focused on forming new development advantages、Shape a strong domestic market and build a new open structure。

First，Supply -side structural reform must change the original industrial structure and product structure，Improve adaptability to domestic demand。Since joining the WTO in 2000，my country quickly integrates into the international division of labor，Become a "World Factory" at a low level of labor costs。Adapt to it，The production capacity orientation of consumer demand for developed economies、Industrial structure and product structure。New development stage supply -side structural reform，Evaluation indicators that must be formed in the past must be、Industrial Policy、Adjust the organization method，The domestic market demand is introduced as the main body into the "14th Five -Year Plan" in my country's economic operation system，Guide the industrial structure and product structure to develop towards the domestic market as the main direction。

Second，Supply -side structural reforms should vigorously improve the quality of domestic supply，attract international resources to China with high -quality supply，Domestic cycle drives international cycle。Economic cycle in the past，Occupy domestic markets with developed countries and products、The form of Chinese brand foundry bet365 best casino games for foreign brands。The result is，Brand products in developed countries occupy a large number of Chinese markets，Domestic capacity at the low end is squeezed、Value is underestimated。

　　Release demand side reform dividends

The Central Economic Work Conference in 2020 is clearly proposed，"Adhere to the strategic base point of expanding domestic demand"，Demand side reforms have become one of the key tasks of enhancing the vitality of economic development。

Look from the demand side，Expanding domestic demand as "strategic fulcrum"，Its influence and significance are very significant。Expanding domestic demand for a long time has become an effective means to respond to the economic downturn，1997 Asian financial crisis and 2008 financial crisis，Face market atrophy，my country proposed a short -term economic stimulus policy that drives domestic demand。Its main manifestation is the government as the main body，Use the common injection of government and social resources，If it expands capacity through infrastructure、Transfer payment、Sending consumer coupons and other methods to improve the needs of the whole society。Under specific conditions，Pulling domestic demand has made important contributions to the stable economy。In the new development stage，Expanding the connotation of domestic demand has a major change。Demand issues are regarded as a long -term basic problem，Can't just rely on a single consumption policy adjustment，Reform through deepening demand side，Establish an institutional mechanism that conforms to economic laws，Create a long -term sustainable demand -side policy system。To achieve bet365 best casino games high -quality supply demand dynamic balance，Drawing on demand for the traction effect on supply，Deepenation of the demand -side reform to release demand reform dividends。

The first is to ensure the material basis that generates the needs。The needs here should include life needs、Product needs (investment needs) and public needs。First，The basis for living needs is people's income，Increasing employment has a certain effect on increasing income。But more importantly, by optimizing the initial distribution structure，Increase the proportion of labor income in total income; adjust the tax structure，Improve the disposable income of workers; improve through the social security system，Improve residents' current consumption tendency。2，The key to improving productive needs is to increase the investment tendency of enterprises，Especially for investment from non -public enterprises。Under the circumstances that my country is the first to achieve economic recovery，The investment scale of non -public enterprises in 2020 has increased significantly，The speed of the new market is far more than the economic growth rate。To seize this favorable timing，Create a more fair economic environment，Create conditions for non -public ownership in dual cycle，This process must be accompanied by an increase in demand for investment products。Third，Improved publicity needs can play a comprehensive role in promoting economic and social development。Accelerate with urbanization，New rural construction and integration of urban and rural areas will generate a large number of public product requirements，Local bet365 live casino games government financial resources have become an important guarantee for public demand。

Second is to improve the ability to meet the needs。Although there is a material basis with demand，But it does not necessarily generate realistic requirements，It does not necessarily produce demand for domestic products。In the current new development pattern, domestic circulation is the main body，Requires domestic products and domestic markets to play a main role in the economic cycle，But this requires the simultaneous adjustment of my country's current supply structure。After joining the WTO，The economic structure and production capacity of many regions in my country are based on the premise of meeting the international market exports，Under the new development pattern，The transformation from satisfying the international market to satisfying the domestic market，To meet the expanding domestic demand market，This requires enterprises to carefully study the domestic market，Develop products that meet domestic needs，Forms a business model that can occupy the domestic market，Make "Made in China" more in line with the needs of the Chinese market in the fair competition with international brands。Material foundation for guaranteeing demand and matching the matching of demand satisfaction，Continue to improve market transaction quality and transaction efficiency。Deepen demand side reform，Requires to further establish a sound market system，Formed integrated、Integrity transaction、Full of competitive market environment，Make the demand ability fully meet。

Deepen reform through the supply side and demand side，my country's supply bet365 Play online games capacity and level of supply will increase significantly。By establishing a modern industrial system，Promote the optimization and upgrade of the economic system，Demand advantage of the oversized market，Improve supply quality as soon as possible，attract international capital with advanced capacity、multinational company，Realize the division of labor and high -level cooperation with my country's capital and enterprises。There will be more independent products in the future、Independent brands participate in the international market，The new supply capacity can not only create domestic demand，It will also create new international demand，Forms a benign interaction between domestic cycle and international cycle。

The Central Economic Work Conference in 2020 is clearly proposed，To twist the main line of structural reform of the supply side，Pay attention to demand side management，supply and demand bilateral reforms have become one of the important parts of economic reform in the future。Generally speaking，Deepen the supply side and demand side reform，High -quality realization of supply demand dynamic balance，It can enhance the role of my country's domestic market in the overall economic cycle，Under the premise of achieving domestic circulation as the main body，Further realize the new development pattern of dual -cycle development in the domestic and international markets。

　(This article is the National Social Science Foundation General Project "Research on the Development of Domestic Consumption Upgrade Strategic Emerging Industry" (20bjy001) phased achievement)

(Author unit: Nanjing Normal University Business School)