On April 28, the State Council Information Office held a press conference and invited responsible persons from relevant departments to introduce several measures to stabilize employment and economy to promote high-quality development (hereinafter referred to as "several measures").

  Support employment, stabilize foreign trade development, promote consumption, actively expand effective investment, and create a good environment for stable development... Zhao Chenxin, deputy director of the National Development and Reform Commission, said that the introduction and implementation of several measures will provide strong support for the economy, and can promote the stable and healthy economic development and maintain the overall stability of the society.

  Support employment

  Accelerate the cashing of job stability refunds, guaranteed loans, and employment subsidies, and increase support for enterprises to expand jobs

  Yu Jiadong, Vice Minister of the Ministry of Human Resources and Social Security, introduced that in the face of the increasing impact of external shocks and the continued rise in employment pressure, we will make every effort to ensure the overall stability of the employment situation and focus on taking five measures.

  Continue to tap potential and expand employment space. Incentive policies have been introduced around the development of new quality productivity, the creation of new consumption hotspots, the implementation of key engineering projects, basic people's livelihood services, etc., to increase the release of jobs, and actively expand new employment growth points.

  We will launch a combination of policies to stabilize employment. Fully implement the existing policy and accelerate the implementation of job stability refunds, guaranteed loans, and employment subsidies. Accelerate the introduction of incremental policies, increase support for job expansion for enterprises, increase employment subsidies for individuals, and increase the proportion of unemployment insurance job stability refunds for enterprises that are more affected by tariffs.

  Highlight the guarantee of employment for key groups. Launch the employment service campaign. Expand channels for migrant workers and nearby employment, increase support for labor-for-relief, promote employment and income increase for migrant workers, and stabilize the scale of working for 30 million people who have been lifted out of poverty. Strengthen employment assistance for people in need.

  Increase efforts in vocational skills training. Deeply implement the "Skills Light up the Future" action and promote better linkages to employment and income growth.

  Strengthen public employment services. Mobilize public employment service agencies and other institutions to organize special recruitment, targeted positions, and help workers transfer jobs.

  Yu Jiadong said that the current employment policy toolbox is sufficient, and policy reserves have been made in encouraging enterprises to absorb employment and support enterprises to stabilize and expand jobs, and will be introduced in a timely manner according to changes in the situation.

  Stabilize foreign trade development

  Increase support for real money and reduce domestic sales costs of foreign trade enterprises

  "In order to help foreign trade enterprises cope with external risks and challenges, we will ensure that the policies that have been introduced to stabilize foreign trade are implemented and effective, and introduce new incremental policy measures in a timely manner." Sheng Qiuping, Vice Minister of Commerce, introduced.

  Accelerate the reform of domestic and foreign trade integration. On April 22, relevant departments issued a "package" policy to help foreign trade enterprises expand domestic sales and accelerate domestic and foreign trade integration, and strengthened market channels, domestic consumption, finance, service guarantee and other aspects for enterprises that are more affected by tariffs. In the next step, we will increase the support for real money and reduce the domestic sales costs of foreign trade enterprises. At the same time, we actively promote foreign trade enterprises such as automobiles and home appliances to join the "old trade-in" support scope, and carry out in-depth production and sales docking in key industries such as light industry, textiles and clothing, and food.

  Help develop diversified international markets. Continue to give full play to the role of exhibition platforms such as the Canton Fair, increase preferential policies for reducing and exempting domestic exhibition fees, and strengthen foreign economic and trade funding assistance for international exhibitions.

  Strengthen trade and financial support. Relevant departments will further expand the coverage of export credit insurance, so that foreign trade enterprises can be more confident to accept orders. At the same time, we will give full play to the role of the financing coordination mechanism for small and micro enterprises, promote low-cost funds to reach small and micro foreign trade enterprises, and optimize exchange rate hedging services for foreign trade enterprises.

  Promote consumption

  Expand the quality and implement the old-for-new consumer goods, and promote the reform of automobile circulation consumption

  Sheng Qiuping said that he will introduce detailed measures to enhance the driving effect of consumption on economic growth.

  Expand the quality and implement the exchange of old consumer goods. In the next step, we will continue to improve policy efficiency and allow consumers to enjoy policy dividends faster and better.

  Promote the reform of automobile circulation and consumption. Support places with conditions to actively innovate and try out first in all aspects such as new cars, second-hand cars, scrapped cars, and automobile aftermarkets; encourage relevant regions to optimize car purchase and traffic restrictions; build a national automobile life cycle information platform to smooth second-hand car consumption; support local governments to develop automobile aftermarkets such as automobile modification and RV camping.

  Implement the action to improve the quality of service consumption and benefit the people. A package of policies and measures to support service consumption will be formulated, consumption expansion activities such as the "Service Consumption Season" will be carried out, service consumption hotspots, and diversified services such as health, elderly care, childcare, and housekeeping will be continuously expanded.

  According to reports, recently, the second batch of old-for-new consumer goods funds have been issued this year, and the first two batches have issued a total of more than 160 billion yuan. Relevant departments will establish and implement a childcare subsidy system, create special re-lending tools, and increase support for key areas of service consumption and the elderly care industry.

  Actively expand effective investment

  Accelerate investment in consumer infrastructure and social fields, and formulate and implement the "doubling" action for charging facilities

  "my country has huge potential and space to expand domestic demand," said Zhao Chenxin. At present, the net value of the equipment stock assets of my country's entire society is about 40 trillion yuan. With the deepening of high-quality development, the investment demand for equipment renewal will exceed 5 trillion yuan every year. The new urbanization strategy is being implemented in depth. Every point increase in the urbanization rate of the permanent population can drive the investment demand of trillions of yuan. Taking the construction and renovation of urban underground pipelines as an example, preliminary statistics show that in the next five years, about 600,000 kilometers of various pipelines such as gas and drainage will be updated and renovated, which will create an investment demand of about 4 trillion yuan.

  The main measures to be taken in expanding investment include: including the updates and upgrades of industrial software and other policies in the scope of support for the "two new" policies, accelerate investment in consumer infrastructure and social fields, formulate and implement the "double" action for charging facilities, and support cities with a permanent population of more than 3 million in urban areas, especially megacities. We strive to issue a list of all projects in 2025 "two-fold" construction and central budget investment before the end of June, and at the same time set up new policy financial tools to solve the problem of insufficient capital for project construction. In addition, a national venture capital guidance fund was established to promote the deep integration of artificial intelligence with 60 key industry directions and 700 basic scenarios.

  Create a good environment for stable development

  Increase financial support for the real economy

  Several measures propose measures such as continuing to stabilize and activate the capital market, continuing to consolidate the stable trend of the real estate market, and increasing financial support for the real economy.

  "Since the beginning of this year, the People's Bank of China has comprehensively used a variety of monetary policy tools to strengthen the coordination of various policies, urge banks to continuously optimize the credit structure, and promote the sustained recovery and improvement of the economy." Zou Lan, deputy governor of the People's Bank of China, said that in the next step, we will step up the implementation of more active and effective macro policies, make good use of moderately loose monetary policies, and timely cut reserve requirement ratios and interest rates to maintain abundant liquidity. At the same time, we will create new structural monetary policy tools to accurately increase efforts to stabilize employment, stabilize foreign trade, promote consumption and expand investment.

  Specific measures include: greater efforts to promote the implementation of the entrepreneurship guarantee loan policy, increase support for key groups' entrepreneurship and employment; guide financial institutions to provide small and medium-sized enterprises with high dependence on foreign trade, temporary difficulties, and competitive products, and do not withdraw loans or continue to lend, to ensure reasonable financing needs; focus on cultural, tourism, sports, catering, accommodation, education and training and other fields, and increase financial support; support financial institutions to innovate financial tools, increase medium- and long-term loans, and provide financing support in key areas such as "two new" and "two heavy" and so on.

  Reporter's Notes

  Another key move in macro-control

  At the critical moment, macro-control takes action again, focusing on "fast, accurate and practical".

  Take action quickly. In order to cope with the uncertainty of the sharp changes in the external environment, we coordinate domestic economic work and international economic and trade struggles and fully prepare plans. The Political Bureau of the CPC Central Committee held a meeting on April 25 and pointed out: "We must continuously improve the policy toolbox to stabilize employment and economy." After three days, several measures were released, demonstrating the firm determination to stabilize the economic market.

  Correct direction. "Supporting employment" means doing everything possible to stabilize the basic employment situation. "Stable foreign trade development" will help enterprises gain a foothold in the changing market. "Promoting consumption" and "actively expanding effective investment" will better play the role of "main driving force and stable anchor" of domestic demand. "Creating a good environment for stable development" will better stabilize market expectations and stimulate the vitality of business entities. Several measures will face the problems directly and implement precise measures.

  Actual measures. Increase support for job expansion for enterprises, reduce domestic sales costs for foreign trade enterprises, and ensure the reasonable financing needs of small and medium-sized enterprises... One pragmatic measure will be turned into practical work, so that enterprises and the masses can have a more sense of gain.

  Macroeconomic policies are a strong support for promoting high-quality development. I believe that with the accelerated implementation of several measures and the implementation of established policies, China's economic giant ship will continue to move forward steadily. (Liu Zhiqiang)

[Editor in charge: Zhang Qiaosu]