LOU Jiwei, Finance Minister of China, is of the view that G20 has been attaching increasing importance to structural reform and has made many endeavors in terms of policies. However, there still remains some distance from realizing the objective of “strong, sustainable and balanced growth.” The agenda for structural reform still needs to be strengthened. Efforts should be made from various aspects to advance structural reform, such as promoting trade and investment, conducting reform of labor market, encouraging innovation and improving the fiscal sustainability to improve total factor productivity and boost economic growth. Efforts should be made to combine structural reform with macro policies, special attention should be paid to the priorities and sequencing of reform with supporting measures, so as to strike a balance between short-term growth and long-term sustainable growth.