Group 1 - The provincial government emphasizes the need to align thoughts and actions with the central government's scientific judgment on the current economic situation and decision-making on economic work, maintaining strategic determination and confidence in development [2] - The meeting highlights the importance of stabilizing employment, enterprises, markets, and expectations, aiming for high-quality development to respond to the uncertainties of external environmental changes [2][3] - There is a focus on expanding domestic demand as a main driver for economic growth, with initiatives to enhance consumer willingness and optimize the development environment and policy supply [2][3] Group 2 - The meeting calls for the implementation of the "Consumption Promotion Special Action" to boost employment, increase income, and strengthen guarantees, with more consumer-friendly measures to enhance consumption capacity and willingness [3] - The government aims to develop new business models such as virtual live streaming, instant retail, and digital life services, while also promoting emerging leisure consumption sectors [3] - There is an emphasis on improving the business environment by aligning with World Bank standards, focusing on regulatory systems, public services, and efficiency to create a first-class market-oriented, law-based, and international business environment [3]

H C a 1 0 11 "叮！"4月24日晚上，甘肃省兰州市某制造企业员工杨天琦的手机弹出特别提醒："4天后，您即将前往 泉州，当地气温……"杨天琦向记者描述此次旅程时，难掩兴奋："领导鼓励我把'五一'假期和年假连 休，终于能打卡心心念念的福建深度游了！错峰出行，机票实惠还能避开人潮。" 一场期待已久的福建之旅，不仅承载着杨天琦的旅行梦想，更折射出今年提振消费政策的切实利好。3 月16日，中共中央办公厅、国务院办公厅印发的《提振消费专项行动方案》（以下简称《行动方案》） 正式落地，一系列惠民举措持续加码。其中提出，鼓励带薪年休假与小长假连休，实现弹性错峰休假。 从真金白银的育儿消费补贴，到落实休息休假权益等消费保障，再到通过适老化改造开拓银发消费空 间，《行动方案》多措并举，正推动不同年龄人群"敢消费、能消费、愿消费"，全面释放消费市场活 力。 作为即将在山东省青岛市迎接新生命的准妈妈，王丹一直密切关注生育养育政策。在她看来，如今不断 完善的政策体系，减轻了家庭的生育焦虑和育儿负担。"有些地区适龄儿童上幼儿园是免费的，而且现 在很多地方都在搞生育补贴。"她说。 研究建立育儿补贴制度是《行动方案》的亮点政策， ...

Group 1 - The National Development and Reform Commission (NDRC) is committed to achieving economic and social development goals despite international uncertainties, focusing on domestic priorities [1] - The NDRC is developing a series of measures to stabilize employment and the economy, which will complement previous policies introduced in September and during the Central Economic Work Conference [1] - Key areas of focus include supporting employment, stabilizing foreign trade, promoting consumption, expanding effective investment, and creating a stable development environment [1] Group 2 - The NDRC has allocated over 160 billion yuan for consumption incentives, with additional funds expected to be released, totaling around 140 billion yuan [2] - Investment expansion will include support for industrial software upgrades and infrastructure projects, with a goal to finalize the project list by June [2] - The People's Bank of China plans to adjust monetary policy tools to ensure liquidity and support key areas such as employment and growth [2] Group 3 - The Ministry of Commerce, in collaboration with the NDRC, has introduced a comprehensive policy package to assist foreign trade enterprises in expanding domestic sales and integrating domestic and foreign trade [3] - Financial support measures include increasing government funding, enhancing credit support from financial institutions, and reducing costs for struggling enterprises [3] - The impact of recent fluctuations in the U.S. Treasury market on China's foreign exchange reserves is considered limited due to a diversified investment strategy [3]

商务部副部长盛秋平表示，将推出细化举措，进一步增强消费对经济增长的拉动作用，以强大的国内市 场更好应对外部风险挑战。一是扩围提质实施消费品以旧换新，二是推动汽车流通消费改革，三是实施 服务消费提质惠民行动，四是举办"购在中国"系列活动。 当前，消费品以旧换新取得了积极成效。截至4月27日24时，全国汽车以旧换新281.4万辆，12类家电以 旧换新4941.6万台，手机等数码产品购新3785.5万件，家装厨卫"焕新"4090.6万件，电动自行车以旧换 新超420万台，合计拉动销售额超7200亿元。 对企业加大扩岗支持 人力资源社会保障部副部长俞家栋表示，将加快推出增量政策，对企业加大扩岗支持，对个人加大就业 补贴支持，对受关税影响较大的企业提高失业保险稳岗返还比例等。对已出台的存量政策要全面落实， 加快兑现稳岗返还、担保贷款、就业补贴，延续实施降低失业和工伤保险费率。 （上接1版） 扩内需政策将在二季度加快落地 赵辰昕表示，提振消费专项行动、用好今年国家层面5万亿元投资资金、加快设立国家创业投资引导基 金等政策大部分将在二季度落地。 据悉，在提振消费方面，近期已经下达了今年第二批消费品以旧换新资金，前两批一共下 ...

Group 1 - The Chinese government is actively promoting policies to stabilize employment and the economy, focusing on high-quality development measures [12][13][14] - The government has proposed to reduce consumption restrictions and shift from purchase management to usage management for automobiles, encouraging cities to relax vehicle purchase limits [2][9] - Beijing will issue additional car purchase quotas specifically for families without cars, with 40,000 new energy vehicle quotas planned for 2025 [3][5][6] Group 2 - In 2024, Beijing will allocate 20,000 new energy vehicle quotas to carless families, while Tianjin will provide 30,000 ordinary car quotas for the same demographic [6][10] - Other cities like Guangzhou and Hangzhou are also implementing measures to ease car purchase restrictions for individuals who have participated in the lottery multiple times or belong to specific groups [7][8] - The overall aim is to stimulate automobile consumption, which is crucial for boosting domestic demand and economic growth, as the automotive sector accounts for approximately 10% of China's GDP and retail sales [10][11]

文/《清华金融评论》 周茗一 国务院新闻办公室于2025年4月28日（星期一）上午10时举行新闻发布会，请国 家发展改革委副主任赵辰昕、人力资源社会保障部副部长俞家栋、商务部副部 长盛秋平、中国人民银行副行长邹澜介绍稳就业稳经济推动高质量发展政策措 施有关情况，并答记者问。 国家发展改革委副主任赵辰昕 表示，4月18日召开的国务院常务会议已就稳就业稳经济推动高质量发展的若干举措（下称若干举措），进行了研究。若干 举措与去年9月一揽子增量政策、中央经济工作会议和全国"两会"部署任务形成接续，是应对外部环境变化的重要举措，是落实党中央和国务院决策部署 的具体行动。 具体来看，若干举措具体包括五方面内容。 关于近期美国国债和美元汇率市场出现大幅振荡 中国人民银行副行长邹澜 表示，美国宣布对多个经济体大幅加征关税，严重侵犯各国正当权益，严重损害以规则为基础的多边治理体制，严重冲击全球 经济秩序，破坏全球经济长期稳定增长。同时，也引发了全球金融市场剧烈波动，投资者对美元资产的风险情绪上升，美元指数大幅下行，美债收益率上 升，美国股市波动加剧，全球资产组合在区域间重新配置。 在积极扩大有效投资方面，主要包括完善消费基础设 ...

Core Viewpoint - The National Development and Reform Commission (NDRC) is set to guide cities with purchase restrictions to issue targeted car purchase quotas for families that have been long waiting in the lottery and for car-less households [1][2]. Group 1: Policy Initiatives - The issuance of additional car purchase quotas is not a new concept, as it was mentioned in the "Special Action Plan to Boost Consumption" by the Central Committee and the State Council, which aims to gradually reduce consumption restrictions and shift from purchase management to usage management [2]. - The NDRC and other departments previously encouraged cities with purchase restrictions to relax vehicle purchase limits and issue additional quotas [2]. Group 2: Specific Measures in Beijing - Beijing will issue targeted additional quotas for car-less families for two consecutive years in 2024 and 2025, with a total of 40,000 new energy vehicle quotas planned for 2025 [3][4]. - The allocation of these additional quotas will be based on a ranking system according to family points, with the top 40,000 car-less families receiving the quotas after the regular allocation of 58,400 new energy vehicle quotas [4]. Group 3: Broader Context and Impact - The lack of car purchase quotas is identified as a significant barrier to automotive consumption, which is crucial for stimulating economic growth, as the automotive industry accounts for approximately 10% of China's GDP and retail sales [7]. - The Ministry of Commerce is also promoting reforms in automotive circulation consumption, supporting local innovations across various segments of the automotive market, and encouraging regions to optimize purchase and traffic restrictions to better meet consumer demand [7].

Core Viewpoint - Consumption is a key driver for domestic economic circulation and is essential for sustainable economic growth. The government has prioritized boosting consumption and expanding domestic demand as a primary task for 2025, reflecting a strategic focus on new development stages and concepts [1][2]. Group 1: Strengthening Income Growth Measures - Income is the foundation of consumption. The government aims to enhance residents' consumption capacity by focusing on employment, income, and social security, implementing targeted policies to solidify the basis for consumption growth [1][2]. - The distribution system will be gradually optimized to improve disposable income for urban and rural residents, including raising basic pensions and healthcare subsidies for low-income groups [2]. - High-quality employment is crucial for stabilizing and boosting consumption, with efforts to increase job opportunities and enhance service sector development [2]. Group 2: Enriching Quality Supply to Stimulate Consumption Willingness - High-quality goods and services are vital for meeting consumer needs and creating effective demand. The focus will be on service consumption and industrial transformation to enhance consumption quality [3]. - Policies will be implemented to align supply and demand, promoting a shift towards experience-oriented and emotional value-driven consumption [3]. - The government will optimize consumption policies in sectors like automotive and real estate, and expand service consumption in education, healthcare, and tourism to meet diverse consumer needs [3][4]. Group 3: Improving Consumption Environment to Enhance Consumer Confidence - A safe and convenient consumption environment is essential for enhancing consumer satisfaction and market vitality. The government aims to create a structured and comfortable consumption ecosystem [5][6]. - Protecting consumer rights and interests is a priority, with measures to regulate market order and combat fraudulent practices [5]. - Infrastructure improvements, particularly in rural areas, will support the dual circulation of urban and rural consumption markets, enhancing overall consumption dynamics [6].

Group 1 - The core focus of the recent Central Political Bureau meeting is to enhance the income of low- and middle-income groups and to significantly develop service consumption to boost economic growth [1][2] - The issuance of special long-term government bonds, including 500 billion yuan for 20-year bonds and 710 billion yuan for 30-year bonds, aims to support consumption and stimulate domestic demand [1][2] - The total social financing scale increased by 15.18 trillion yuan in the first quarter of 2025, which is 2.37 trillion yuan more than the same period last year, indicating a strong financial support for consumption [2] Group 2 - Expanding service consumption is viewed as a systematic project that requires a multi-faceted approach, including demand expansion, supply optimization, and environmental improvement [3] - Policies need to be coordinated across various sectors, including fiscal, financial, and industrial policies, to effectively stimulate consumption [3] - Financial institutions are encouraged to develop tailored financial products to meet the diverse needs of consumers, particularly in new consumption scenarios such as digital and green consumption [6]

Core Insights - The recent announcement of the "Notice on Further Optimizing the Departure Tax Refund Policy to Expand Inbound Consumption" aims to enhance the quality and level of departure tax refund services for international travelers [1][2] Group 1: Policy Highlights - The policy focuses on three main aspects: expanding the number of tax refund stores, increasing the variety of tax refund products, and improving the overall service experience for travelers [1] - The threshold for departure tax refunds has been lowered from 500 yuan to 200 yuan, allowing travelers to access refunds on a wider range of purchases [1] - The government plans to optimize the layout of tax refund stores and ease the registration conditions for these stores, providing more shopping options for international visitors [1] Group 2: Implementation and Impact - Since the full implementation of the departure tax refund policy in 2015, the government has been working to enhance the convenience of this service through various measures, including improving the smart tax refund process and optimizing the shopping payment environment [2] - The Ministry of Culture and Tourism emphasizes that the departure tax refund policy will not only attract more inbound tourists but also promote the export of high-quality domestic products, particularly those with cultural significance [2][3] - The Ministry of Commerce will collaborate with relevant departments to ensure effective implementation of the new policy, aiming to create a mutually beneficial environment for inbound tourism and departure tax refund shopping [2][3]