Proposed by the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China，We must “organically combine the implementation of the strategy of expanding domestic demand with the deepening of supply-side structural reforms”。December 11, 2020，The Political Bureau of the CPC Central Committee held a meeting and emphasized，“We must reverse the supply-side structural reform，At the same time focus on demand-side reform”；The Central Economic Work Conference held from December 16 to 18 pointed out，“We must firmly grasp the main line of supply-side structural reform，Focus on demand-side management”。July 30, 2021，The Political Bureau of the CPC Central Committee held a meeting，Emphasis on “deepening supply-side structural reform，Accelerate the construction of a bet365 apuestas development pattern”。In the process of building a bet365 apuestas development pattern，We must effectively coordinate supply-side structural reform and demand-side management。

　　First，Start with bet365 apuestas，Effectively coordinate supply-side structural reform and demand-side management。After the outbreak of the international financial crisis in 2008，my country’s economic growth momentum has undergone structural changes，Supply-side problems are becoming increasingly prominent。After 2013，Optimize supply to adapt、Creation、Leading and expanding domestic demand，Becoming the main means to cope with the bet365 apuestas normal of economic development。2015，The 11th meeting of the Central Financial and Economic Leading Group clearly proposed “supply-side structural reform”。We emphasize supply-side structural reform，Does not mean denying the demand side effect；further details，We emphasize the combination of supply-side structural reform and demand-side management，Intended to highlight the mutual complementarity of supply and demand。

With the development of our country’s economy，Consumption structure continues to upgrade，Obvious time differences are produced，This puts forward bet365 apuestas adaptability requirements for the supply side。Fully realize supply and demand adaptation in a timely manner，means to fully release the potential of economic development in a timely manner。For this potential，We need to discover with a forward-looking perspective，Guide its development and utilization with effective policies。around 2015，my country comprehensively uses market and government power，Built a series of docking mechanisms for consumer goods supply and consumption upgrade。bet365 apuestas features for the latest round of consumption upgrade，If the structure of consumer goods expenditure is more diversified、Pay more attention to improving the quality of consumer goods、Service consumption has strong growth momentum, etc.，In addition to providing policy guidance from the demand side，That is, it mainly improves residents’ willingness and ability to upgrade consumption，Products and industrial structure should also be improved to form effective supply。

There are different consumption structures between urban and rural areas and between regions in my country。Promote the timely and full release of the potential hidden in the spatial differences in consumption structure，Is one of the focus points to expand and revitalize the internal circulation。From experience，Consumer finance is an effective means，Can promote the upgrading of the consumption structure of urban residents。In the countryside，Income sources have a significant impact on consumption structure，Although property income accounts for a small proportion，But the marginal propensity to consume is very large；There are still regional differences in the relationship between farmers’ income and consumption。In order to increase farmers’ consumption and guide the upgrading of consumption structure，It is necessary to increase property revenue and formulate policies in different regions。current，Although there are certain time differences in the consumption structure between urban and rural areas in my country，But the consumption structure of urban and rural residents is changing，Development consumption is growing faster；As the income gap between urban and rural areas becomes smaller，Rural residents have a stronger willingness to upgrade their consumption。From now on，The improvement of my country’s consumption power、Changes in consumption structure、The evolution of consumption willingness not only affects the development of internal circulation，And it affects the development of external circulation；The inner circulation passes through the traction outer circulation，will create more bet365 apuestas opportunities。

　　Secondly，Start with investment，Effectively coordinate bet365 apuestas and demand-side management。Generally speaking，Supply-side structural reform promotes economic development by improving the adaptability of supply to domestic demand。Among them，Optimizing investment structure is a key step。This needs to be driven by consumption，Enable a positive interaction between supply and demand by optimizing the investment structure；Need to invest to optimize supply，Promote consumption quality expansion and upgrade，Forming demand to drive supply、Supply creates a higher level of dynamic balance of demand。Past，my country has achieved results in optimizing the investment structure and making the supply system better adapt to domestic demand。For example，Changes in industry capital structure have a significant impact on changes in output structure。But，There are still a series of shortcomings in my country’s supply chain and industrial chain，Need to adopt precise investment tilt policies，To achieve breakthrough results as soon as possible。For this，Need to deepen the integration of industry, academia and research，Adjust the scale and structure of college majors and enrollment，Improve the research and development level of scientific research institutions at all levels and types；Forged long plates to make up for short plates，Adjusting government intervention and giving full play to the role of the market，Optimize the supply system by optimizing the investment structure。Investment affects the factor structure，It also affects the industrial structure，Is the direct determinant of the supply structure。Since the reform and opening up，my country’s investment structure continues to adjust，Injecting power and vitality into economic development；Facing the bet365 apuestas era，We need to further optimize the investment structure，Promote the optimization of factor structure and industrial structure，Adapt to demands and changes by optimizing the supply system。

Past，The main reason for my country’s insufficient investment demand is the lack of motivation to upgrade the industrial structure and the structural distortion of the capital market。Capital is in the process of chasing profits，Tendency to avoid the real economy。Now，The fourth industrial revolution has arrived，The emergence of bet365 apuestas technologies brings bet365 apuestas investment opportunities。Under the bet365 apuestas situation，We must “insist on focusing our economic development on the real economy，Accelerate the development of a manufacturing power、Building a Quality Powerful Country，Promote the deep integration of advanced manufacturing and modern service industries，Strengthen the leading role of infrastructure support，Building a real economy、Technological innovation、Modern Finance、Modern industrial system for coordinated development of human resources”。Under the guidance of bet365 apuestas technologies，Means of economic development should be constantly innovated。Digital finance has policy implications、Targeting、Wide coverage and other features，Help improve the real economy’s dilemma of difficult and expensive financing。Given that investment and even supply are very important to unlock consumption potential，We need to "optimize the investment structure，Improve investment efficiency，Maintain reasonable investment growth”，Especially “promote bet365 apuestas infrastructure that not only promotes consumption and benefits people’s livelihood, but also adjusts the structure to increase stamina、bet365 apuestas urbanization、Construction of major projects such as transportation and water conservancy”，"Deepening the reform of the investment and financing system，Leverage the role of government investment in leveraging，Stimulate the vitality of private investment，Form a market-led investment endogenous growth mechanism”。

　　Finally，Seize bet365 apuestas things，Effectively coordinate supply-side structural reform and demand-side management。In a complex large system with inner loop，The most active and developing things are bet365 apuestas supply and bet365 apuestas demand。Our country needs to tighten the innovation chain，Formation of bet365 apuestas supply、Stimulate bet365 apuestas needs。After entering the 21st century，Under the leadership of the bet365 apuestas generation of information technology，Related industries are developing rapidly。In particular, the Internet economy is showing a leaping trend，It has the advantage of catalyzing the development of bet365 apuestas business types because it is widely connected with production and daily life。Overall，bet365 apuestas business formats not only expand the scale of demand，And it makes up for the shortcomings of the old business format。Especially during the COVID-19 epidemic，No (direct) contact transactions and interactions achieved through the Internet，It provides us with great convenience by overcoming the space barrier。

This kind of basic tool uses the Internet、No traditional intermediary involved、Internet economy of purchasing goods directly from sellers，Convenient circulation link、Rich consumption content、Personalized consumer choice、Purification of purchasing experience、bet365 apuestas features such as the expansion of economic space；Borderless characteristics of the network，It also makes the network economy easily transnational。Therefore，Although it has produced a certain substitution for offline consumption，Some industries need transformation and empowerment，But at the same time, it intensifies international competition in production and consumption，Enable some countries to gain bet365 apuestas international competitiveness。This is the bet365 apuestas advantage that the rapid development of bet365 apuestas generation information technology brings to countries with leading technologies and commercial applications。In this context，High-quality supply can be adapted not only in the domestic market but also in the international market、Creation、Leading and expanding demand。Back in November 2015，The State Council issued the "Guiding Opinions on Actively Playing the Leading Role of bet365 apuestas Consumption and Accelerating the Formation of bet365 apuestas Supply and bet365 apuestas Power"，Propose the concept of “bet365 apuestas consumption”。Later，Central documents and important meetings have successively proposed expressions such as "bet365 apuestas consumption", "bet365 apuestas consumption" and "bet365 apuestas consumer products"。Now，Digital、Greening、Healthy、Intelligence is being implemented into bet365 apuestas consumption through bet365 apuestas supply。

In the process of creating bet365 apuestas supply and adapting to bet365 apuestas demand，We must fully consider the structural characteristics of bet365 apuestas consumption。In a certain sense，bet365 apuestas consumption can also promote the transformation and upgrading of industrial structure。In recent years，The leading role of bet365 apuestas consumption in related industries is increasing；bet365 apuestas consumption that can promote the upgrading of traditional consumption，We are guiding related industries to accelerate transformation and innovative development。In order to continue and expand this role，We should guide through the government、Initiate bet365 apuestas consumption through enterprise leadership and public participation，Promote the transformation and upgrading of industrial structure and achieve self-reinforcement；Strengthen relevant infrastructure construction，Develop the “Internet + Social Services” consumption model；Optimize domestic market supply，In particular, strengthen support for consumer finance。“bet365 apuestas infrastructure” is a bet365 apuestas supply that is driven by bet365 apuestas consumption and further promotes bet365 apuestas consumption，Various modes of bet365 apuestas consumption have profoundly affected people’s lives。For this，We should start from the supply side，Create a business environment conducive to the development of bet365 apuestas consumption，If bet365 apuestas consumption standards are established、Shaping bet365 apuestas consumption scenarios、Promote bet365 apuestas service consumption, etc.。

In order to effectively coordinate supply-side structural reform and demand-side management，We still have to face various challenges。Import and export are an important part of my country’s construction of a bet365 apuestas development pattern，But it is easily affected by the international political and economic environment and major international events。In recent years，Some Western countries attempt to interfere with the innovation chain and supply chain，Implementing restrictions and injecting uncertainty into our country in terms of import and export，Gain competitive advantage；Major public health emergencies like the bet365 apuestas coronavirus epidemic，Not only has the supply chain and import and export of various countries undergone tremendous changes，And its impact also has obvious country differences。These are important aspects that must be carefully considered when we effectively coordinate supply-side structural reform and demand-side management。From this perspective，We must adhere to the strategic basis of expanding domestic demand，Fully tap into the domestic market potential，Accelerate the construction of a domestic circulation as the main body、A bet365 apuestas development pattern in which domestic and international dual cycles promote each other。

　　(This article is a phased result of the Shanghai Municipal Education Commission’s scientific research and innovation plan “Research on my country’s Construction of a bet365 apuestas Development Pattern of Dual Cycles and Mutual Promotion under the bet365 apuestas Situation”)

(The author is from the School of Economics, Shanghai University of Finance and Economics、Chair Professor of the China Institute of Economic Thought bet365 apuestas)