CCTV News: On April 28, the State Council Information Office held a press conference. Relevant officials from the National Development and Reform Commission, the Ministry of Human Resources and Social Security, the Ministry of Commerce, and the People's Bank of China introduced the relevant situation of policies and measures to stabilize employment, stabilize the economy, and promote high-quality development.
The National Development and Reform Commission stated that my country will introduce several measures to stabilize employment, stabilize the economy, and promote high-quality development; these measures involve five aspects: supporting employment, stabilizing foreign trade, promoting consumption, expanding investment, and creating an environment.
In the next step, the National Development and Reform Commission will step up efforts to promote the implementation of established policies, including special actions to boost consumption, making good use of the 5 trillion yuan investment funds at the national level this year, and accelerating the establishment of a national venture capital guidance fund.
The Ministry of Commerce stated that the next step will be to expand the quality improvement and implement the old-for-new consumer goods, organize pilot reforms for automobile circulation consumption, and encourage relevant regions to optimize automobile purchase and traffic restrictions.
In terms of supporting employment, the Ministry of Human Resources and Social Security stated that it will make every effort to ensure the overall stability of the employment situation in five aspects. This includes a combination of employment stabilization policies, continuously tapping potential and expanding employment space, accelerating the cashing of job stabilization refunds, guaranteed loans, and employment subsidies, and continuing to implement the reduction of unemployment and work-related injury insurance premiums.
In terms of stabilizing foreign trade, we will accelerate the reform of domestic and foreign trade integration, and increase support for enterprises that are more affected by tariffs, including market channels, domestic consumption, finance, and service guarantee.
The People's Bank of China stated that it will make good use of moderately loose monetary policies, and timely cut reserve requirement ratios and interest rates according to the domestic and international economic situation and the operation of the financial market, and maintain sufficient liquidity. At the same time, we will resolutely prevent the risk of exchange rate overshoot and maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level.
