Abstract:

Studying Xi's macroeconomic governance，especially his discussion of the benign interaction be-tween supply and demand, will help us put in context China's macroeconomic govemance and macro-control policies. It will also help deepen our understanding of and consciously follow the objective economic laws of the newera. 'This course of action has important theoretical and practical significance for accelerating the construction ofnew, high-quality development patterns.In the face of such imbalances as insufficient demand for economic devel-opment, " Let the two approaches of deepening supplyside structural reform and expanding effective demand worktogether"is an important law that will help us to do economic work well in the new era.At present, to realize theneeded synergy, policy orientation must focus on effective demand that leads supply and creates demand with high-level supply.'To achieve this goal, policy efforts should focus on formulation and transmission mechanisms, govemance mechanisms, and institutional foundations so macroeconomic governance and policy regulation will becomemore effective.

Key words: macroeconomic governance, equilibrium between supply and demand, supply - side structuralreform, effective demand, benign interaction