"China's mismatch of supply and demand is a pain for the economy," said Zhao Yao in Hellenic Shipping News

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Tuesday, May 31, 2016
Piraeus, Greece

Hellenic Shipping News

A U.S. expert lauded China's efforts to advance the supply-side structural reform and said it is right on target as the country's economy is now settling into a "new normal" of lower growth rates.

"China is producing a lot, but its people are not buying it. The mismatch of supply and demand is a pain for the economy. However, the supply-side reform is here to solve this problem," said Zhao Yao, professor and co-director of the Supply Chain Analytics Laboratory at Rutgers Business School.

Structural reform on the supply front requires industries to change focus from blind expansion to the actual demands of customers through offering innovative products, analysts say.

"Supply-side reform is mainly two things, one is to improve the Chinese companies' productivity and the other is to win the competition in a global market," said Zhao at a Chinese executive training program held at Rutgers Business School on Tuesday.

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TAGS: Supply Chain Management Yao Zhao