Supply-side reform proposed by President Xi Jinping represents a much clearer line of thinking to lead the economy forward, say experts.
Once the turbo-charger powering China's economic acceleration, the manufacturing sector is now in dire need of a service.
China is setting its sights on its 274 million migrant workers as a savior for the economy, as they have the potential to buy unsold homes.
China plans to turn 100 million farmers into registered urban residents with the hope that this will encourage them to buy city apartments and help alleviate the country's massive housing glut.
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations.
Central Economic Work Conference: Roles and Functions
As China strives to sustain growth while the effectiveness of traditional demand-side policy support wanes, the country is turning to the other side, the supply side, for new vitality.
The government will phase out outdated businesses and focus on devising policies that will help the industries it wants to support, say economists.
China will formulate policy to resolve overcapacity as the supply glut in some industries has presented a major challenge to growth.
China will focus on shoring up weak areas in economic growth by expanding effective supply.
By showing their resolve to take on these challenges, the Chinese policymakers are demonstrating their determination to accelerate the reforms necessary for sustainable and inclusive growth.
China's top leadership, which is preparing to launch the 13th Five-Year Plan, announced an overarching strategy to lead the economy's ongoing transition.
The government should implement concise and stable policies and ensure fair competition for all kinds of enterprises, so that they can focus on creating new demand.
China has vowed to take further de-leveraging steps to guard against and defuse financial risks in 2016, said a statement released Monday after a key economic policy meeting.
Lowering corporate costs will be a major task under China's economic plan for 2016, according to a statement released after the Central Economic Work Conference on Monday.
China will make efforts to reduce its property inventory and stabilize its ailing housing market, said a statement released Monday.
The Chinese government will make fiscal policy more forceful and monetary policy more flexible to keep growth in a proper range in 2016, an official statement showed Monday.
The country's top leaders are likely to introduce all-round "supply-side reform" at the annual Central Economic Work Conference.
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