A Comparative Analysis of Western Supply-Side Economics and China's Supply-Side Structural Reform

Supply-side structural reform is a vital initiative aimed at adapting to and guiding China's new economic normal. In recent years, this reform has achieved notable progress, injecting new momentum into China's sustainable economic development while contributing theoretical innovation to reform practice. Unlike a simple replication of Western supply-side economics, China's reform has surpassed it in terms of theoretical connotation, economic realities, institutional conditions, and policy orientation. This paper conducts a comparative analysis between the two from the perspectives of theoretical foundations, economic and institutional contexts, and policy propositions. It further summarizes the theoretical and practical innovations of China's reform and offers suggestions for its deepening.