Abstract: How to correctly understand China’s supply-side structural reform bears a great significance to the continuous promotion of the socialist cause with Chinese characteristics. From the perspective of the dialectical unification between the“two-point view”and the“key-point view”, China’s supply-side structural reform is general-relationship oriented, which not only gives an overall consideration to the relationships between productivity and productive relations, and between government and market, but also highlights the key points, so as to realize the sustainable development of social productive forces. Productivity has such characteristics as the embedment of the economic forms, the process of reform and the ever changing general relationship of economic forms along with the changing of the economic situations both at home and abroad, therefore, the general relationship which restrict the development of productive forces has a strong historical orientation. The historical orientation of the general relationship domain renders China’s supply-side structural reform with both generality and particularity. The neoliberal economists, ignoring the current world and national situations that China is faced with, are trying to copy the ideas of the Western supply-side schools, which will terribly mislead China’s supply-side structural reform.

Key words: supply-side; structural reform; general relation; historical orientation