divspan style=font-size: 11ptfont size=2 /font/spanspan style=font-size: 11pt; color: #222222font size=2By studying the role of institutional supply technological innovation supply-side structural reform, it is emphasized that institutional supply is primary fundamental supply-side structural reform, while technological innovation supply-side industrial upgrading, which means old kinetic energy is transformed to new kinetic energy, is the basic driving force for reform, said Jia Kang, president of China Academy of New Supply-side Economics Dean on 28 Nov the one-year review outlook forum of supply-side structural reform. /font/span/div divfont size=2 /font/div divspan style=font-size: 11pt; color: #222222font size=2It is reported that this forum is aimed to combing the rules characteristics of various ownership enterprises the supply-side structure reform, fostering strengthening the new momentum, accelerating the transformation upgrading of the enterprises, thus further promoting the supply-side structural reform./font/span/div divfont size=2 /font/div divspan style=font-size: 11pt; color: #222222font size=2Jia Kang emphasized that “By studying the role of institutional supply technological innovation supply-side structural reform, it is emphasized that institutional supply is primary fundamental supply-side structural reform, while technological innovation supply-side industrial upgrading, which means old kinetic energy is transformed to new kinetic energy, is the basic driving force for reform. The rise of a number of national industries such as Li Bai, proved that the relationship between system reform supply-side is interrelated interactive./font/span/div divfont size=2 /font/div divspan style=font-size: 11pt; color: #222222font size=2"The main body of the supply-side structural reform should be transferred from government to enterprises, we must attach great importance to the improvement of their own competitiveness of supply side," said Li Jin, president chief researcher of Voice of China Enterprise Academy. /font/span/div divfont size=2 /font/div divfont size=2span style=font-size: 11pt; color: #222222It is reported that, since P ; G, Unilever, Henkel other multinational daily use chemical giants of the entered the late 80s to the early 90s of the last century, about 80% of the daily use chemical products the Chinese market are foreign brands around 2000. With regard to this, chairman of Libai Group Chen Kaixuan said, "the implementation of innovation-driven development strategy has become the lifeline of enterprises’ development. Libai has always maintained a high degree of sensitivity to the latest technological innovation trends the daily use chemical fields. The group invests 3% of total revenue research annually as well as lots of manpower material resources, to expand the space for technological progress, always maintain the control of cutting edge technology./span”/font/div divfont size=2 /font/div divspan style=font-size: 11pt; color: #222222font size=2"The main body supply-side structural reform is enterprises, the supply side. We can promote the transformation from "Made China" to "Create China" by popularizing supply-side structural reform, to build a new enterprise with innovation ability international influence,” said Lijin./font/span/div divfont size=2 /font/div divspan style=font-size: 11pt; color: #222222font size=2"With the rise of China’s economy, China’s middle class population will continue to increase, Chinese consumers will account for larger larger proportion the world consumer circle,” said Tan Yunming, professor of Central University of Finance Economics./font/span/div divfont size=2 /font/div divspan style=font-size: 11pt; color: #222222font size=2 fact, the "supply-side structural reform" of Chinas economy has driven the development of the economy from the traditional factor-driven investment-driven to  the innovation-driven, the innovation-driven will become the core power of the supply side structural mechanism./font/span/div divfont size=2 /font/div divfont size=2span style=font-size: 11pt; color: #222222Jia Kang noted that "reform innovation are the driving force of economic social development, the economy society can continue to generate new momentum only by persisting reform./span”/font/div divfont size=2 /font/div divfont size=2span style=font-size: 11pt; color: #222222 /spanspan style=font-size: 11pt; color: #222222“ the context of supply-side structural reform, the needs of Chinese consumers are the focus of enterprise’s supplying, the competition the supply side depends on whether companies can provide new market demand momentum." said Tan Yunming./span/font/div