Over the past four decades since the start of reform and opening up, theories proposed by Western economists have greatly influenced China’s economics community. However, China, at each stage of reform, has also given birth to its own economic thought. In recent years, Dr. Teng Tai’s new supply economics has also received attention and generated an impact. This book strives to formulate a sound theoretical framework for the thinking behind China’s economic reform and development, and put forward solutions and suggestions to address the problems facing China.