In the aftermath of a recent meeting of the political office of the Central Communist Party committee, which has established priorities to preserve stable workers, companies, markets and expectations, relevant government members have accelerated the presentation of coordinated policies to support confidence and preserve momentum.
In the latest episode of the Chinese Economic Communications Table, a dialogue program for the media hosted by Xinhua, officials of the country’s best economic plan, work power, and the Central Bank identified how the expansion policy tool group enables China to move in the usual wind and enhance the foundations of long -term growth.
Guests attend the latest episode of The China Economic Roundtable, a full -media dialogue program hosted by the news agency Xinhua. (Xinhua/Jin Liwang)
Support macro policy
The country’s economy remained flexible in the first four months, with strong growth in industrial production, services, domestic demand and exports. Official data showed that retail sales of home appliances and communication equipment increased by more than 20 percent during this period, and investment in purchasing equipment increased by 18.2 percent.
Innovation collection pace, with high -tech manufacturing by 10 percent yearly in April, led by rapid progress in new energy vehicles, artificial intelligence models on a large scale, and human robots.
Voyah 2000,000 vehicle, a Chinese brand in NEV, rolling from Wuhan’s assembly line, Hubai Province in central China, April 9, 2025.
Deng Lin, an official in the National Development and Reform Committee, said that optimistic economic data reflects the accelerated decline from the targeted measures and the common effects of modern policy initiatives.
The percentage of 0.5 Celsius entered the proportion of reserve requirements for qualified financial institutions in mid -May, where about 1 trillion yuan ($ 139 billion) were injected into long -term liquidity. I followed a reduction of 0.1 percentage points in the reverse ribau rate for seven days, as of May 8.
These moves, along with expanded re -lending tools and the issuance of high -tech ties, are part of a wider batch by monetary and financial organizational bodies to fixed markets and support for recovery among external opposite winds.
“These policies help expand the financing available to the real economy, reduce the costs of financing for companies, especially small and medium -sized institutions (SMES), and ensure more commercial processes more stable,” said Deng Chojji, head of the Research Institute at the Popular Bank of China, Central Bank.
Deng Chojji, head of the Research Institute at the Popular Bank of China, the central bank, talks about the registration site for the latest episode of Chinese Economic Request, a dialogue program in all the media hosted by Xinhua News. (Xinhua/Jin Liwang)
Official data showed abundant market liquidity and great credit support for small and medium companies.
By the end of April, the distinguished balance of comprehensive loans reached small and small institutions to 34.3 trillion yuan, an increase of 11.9 percent on an annual basis, exceeding the growth of all other loan categories during the same period.
Loans for “small giant” companies, which refer to new elites between small and medium -sized companies in China that participate in manufacturing, are specialized in a specialized market, and are proud of advanced technologies, 6.3 trillion yuan at the end of the first quarter, which represents an increase of 15.1 percent.
The high domestic demand
To enhance the local demand as a major growth engine, China has provided a series of targeted measures across multiple sectors.
This includes expanding services consumption, promoting care for elderly people with disabilities, enhancing car sales, improving consumption infrastructure, encouraging private investment, and launching new policy -based financial tools.
The center bank haas Intodeted a Package of Structural Monetary Policies to Boost Domestic Demand, Including Expanding The Re-Linding Facility for Sci-Touch Innovation and Technology Upgrading From 500 Billion to 800 Billion Yuan, Launching A New 500-Billion Yuan Re-LENDING Program to Support Elderly Care and Consump in Section SUCH As Catering and Cultural Tourism, and Supporting Financial Institutions, Tech Firms, and Equity Investment Institutions in the release of innovation in Sci-Tech.
Deng Choji said that the recent policies of the Central Bank focus on three main aspects: increasing the current tools, reducing financing costs, and providing innovative tools to direct funding towards the main areas of consumption and investment.
The country announced a new round of the Consumer Commodity Trade Program last year to increase consumer spending, support from cars, home appliances, home motifs-and expand the program earlier this year.
Customers choose dishwashers at a commercial center in Qingdao, Shandong Province in East China, January 8, 2025. (Chang Ying/Xinhua)
In the first five months of this year, the country’s consumer commodity trade program created 1.1 trillion yuan of sales, which increased an increase in transactions that included 4.12 million cars, 77.62 million units of home appliances and 56.63 million units of digital products such as mobile phones, according to data from the Ministry of Capacity.
Stable work
With the progress of domestic demand and macro policies entering, employment remained stable in general.
Students speak with an employer (PBUH) during a work fair on the campus held at Winchsan University, Yunnan Province in southwestern China, April 9, 2025 (Photo by Xiong Pingxiang/Xinhua)
From January to April, the creation of job opportunities in urban areas increased at a fixed pace and the average urban unemployment rate that the polls included is 5.2 percent, according to Chin Jongjia, an official in the Ministry of Human Resources and Social Security.
Chen said that the ministry provided a series of targeted measures to achieve stability in the work, which achieved positive results.
The country has increased the share of loans aimed at stabilizing and expanding employment, and has expanded the coverage of support policies that support job creation, and expand current measures such as unemployment insurance recovers and skills training benefits to fully launch policy profits.
In the first quarter, 3.52 billion yuan was released in functional stability funds, along with 23.8 billion yuan in employment subsidies and 156.3 billion yuan in multi -purpose loans to retain jobs and expansion.
Starting this year, more than 10 million people will benefit from vocational training programs supported every year for a period of three consecutive years, as well as courses specializing in elderly care, home services, and long -term care provider to improve workforce skills.
Officials said more efforts will be made to enhance the eyesight, accuracy and effectiveness of the total organization, ensuring that all policies are working in the same direction and strengthening each other.
They said that such coordinated efforts are expected to support the upward momentum of the economy, enhance market confidence, and improve flexibility against the growing global uncertainty.
Re -published from Xinhua
