发改委：稳就业扩内需 破除内卷式竞争

Core Insights - The National Development and Reform Commission (NDRC) has outlined key tasks for the second half of 2025, focusing on stabilizing employment, expanding domestic demand, and promoting the "Artificial Intelligence +" initiative [1][2] - The NDRC reported that China's economy has shown resilience and vitality, with positive performance in major economic indicators and effective risk prevention in key areas [1] - The NDRC plans to enhance investment and consumption, with over 300 billion yuan allocated for the third batch of "two new" construction projects in 2025 [1] Group 1 - The NDRC aims to stabilize employment, enterprises, markets, and expectations while strengthening domestic circulation and optimizing external circulation [1] - The focus for the second half of the year includes nine key areas, such as stabilizing investment and promoting consumption [1] - The NDRC has issued a total of 800 billion yuan for "two new" construction projects this year, with all project lists now finalized [1] Group 2 - The NDRC, in collaboration with the Ministry of Finance, has allocated 69 billion yuan in special long-term bonds to support the consumption upgrade policy [2] - Plans are in place to issue an additional 69 billion yuan in special long-term bonds in October to continue supporting local consumption initiatives [2] - The NDRC emphasizes the need to eliminate "involution" competition and promote healthy development of the private economy through reforms in bidding and investment practices [2]