Xi spells out supply-side reform bid

Top leadership devises strategy aimed at spearheading economic transition

China's top leadership, which is preparing to launch the 13th Five-Year Plan (2016-20), on Monday announced an overarching strategy to lead the economy's ongoing transition.

President Xi Jinping said the country's emphasis next year will be on supply-side reform, or a package of supply-side policies to release new demand and boost new productivity.