"Improving supply side is what we are working on the most at the moment, but we'll ensure they have the best quality products," says Verma.
"Blaming speculation is an easy solution which avoids taking the necessary steps to improve supply-side access and investment or to implement measures to improve energy efficiency," the report said.
In the absence of sufficient demand, improving supply-side efficiency simply leads to more underutilization of resources.
Experience strongly suggests that imposing pain on a society through weak demand and recession is a lousy and unsustainable way to improve the supply side.
A meeting of the State Council, China's cabinet, on May 6th outlined a long list of structural reforms designed to improve the supply side of the economy.
The other has been the endless initiatives to improve the supply side performance of the economy - tax credits for innovation, welfare to work programmes, productivity drives, extra spending on child care and literacy.
He says: "Our view has always been that what we need is a two-pronged strategy: not abandoning the overall fiscal plan, but adjusting it; continuing to do things that may be unpopular, like welfare reform, but taking action in all those various areas where, rather than just increasing demand, you improve the supply side of the economy".
Against this background, and with the scope for fiscal and monetary stimulus all but exhausted, politicians might be expected to grasp the nettle and push through changes to improve the supply side of the economy — policies like making it easier to hire and fire, promoting greater competition and investing more in training.
Many innovative workforce approaches involve novel training programmes or approaches to improve the supply side of MNH and to expand the scope of existing health worker cadres.
Improving supply-side transparency is imperative going forward, he argued: "It is something we must do to improve the image of our industry".
Structural reforms aimed at improving the supply side of the economy may even widen the output gap (already 5% of GDP) and worsen deflation.
