Group 1 - The core economic policy for 2026 emphasizes a more proactive fiscal policy combined with moderately loose monetary policy, continuing the approach from the previous year [1] - The meeting highlighted the importance of leveraging existing policies while also introducing new measures to address emerging issues, aiming for a synergistic effect to stabilize short-term fluctuations and lay a foundation for long-term development [3] - The focus on "domestic demand as the main driver" indicates that insufficient effective demand remains a key challenge, necessitating deeper efforts to build a strong domestic market and dismantle local protectionism and regional barriers [5] Group 2 - The meeting underscored the need for better coordination between domestic economic work and international trade dynamics, advocating for both openness and the protection of national interests in response to uncertainties [7] - The potential for the Chinese economy is expected to be further unleashed in the new year, presenting new development opportunities for both enterprises and individuals across various sectors [7]

Core Viewpoint - The Central Political Bureau meeting emphasizes the importance of stabilizing employment, enterprises, markets, and expectations to achieve qualitative and effective economic growth and maintain social harmony and stability in 2026 [3][4]. Group 1: Economic Policies - The meeting calls for more proactive macroeconomic policies that enhance foresight, targeting, and coordination, while continuing to expand domestic demand and optimize supply [3][4]. - It highlights the need to develop new productive forces tailored to local conditions and to deepen the construction of a unified national market [3][4]. Group 2: Employment Stability - The Ministry of Human Resources and Social Security (HRSS) has released a plan to expand job opportunities, detailing 12.24 million jobs created in the first half of the year [4]. - The focus is on creating a job-friendly society by strengthening employment scale, quality, and youth employment rates, promoting a close relationship between stable growth and stable employment [4][5]. Group 3: Youth Employment - Youth employment is prioritized, with over 10 million college graduates expected annually starting from 2022, necessitating continuous policy support to stabilize youth employment [4]. - The HRSS aims to support youth innovation, entrepreneurship, and flexible employment, while enhancing vocational education and training systems to meet new productive force demands [4][5]. Group 4: Skills Training - The HRSS has designated this year as a "Skills Training Year," launching initiatives focused on new productive sectors and urgent livelihood areas, such as elderly care and domestic services [5].

Group 1 - The central theme of the meetings emphasizes stabilizing employment, enterprises, markets, and expectations to achieve qualitative and effective economic growth while maintaining social harmony and stability [1][2] - The meetings highlight the importance of implementing proactive macro policies that enhance foresight, targeting, and coordination, while continuously expanding domestic demand and optimizing supply [1] - The Ministry of Human Resources and Social Security (HRSS) is focusing on stabilizing employment through various measures, including releasing 12.24 million job positions in the first half of the year and increasing support for job creation and training [2][3] Group 2 - The meetings stress the need to support youth innovation, entrepreneurship, and flexible employment, while also enhancing vocational education and training systems to meet new productivity demands [3] - The HRSS is prioritizing skill training as a key measure for stabilizing employment, launching initiatives aimed at new productivity sectors and urgent social needs, such as elderly care and domestic services [3]

为何我国不降房价？坦白说，"真实原因"有4个，听完"恍然大悟"！ 最近房价这事儿，可以说是沸沸扬扬的。很多人都在问，为啥调控这么久了，房价就是不大幅下跌呢？说实话，这背后的 原因比我们想象的要复杂得多。 据说内部有个不成文的规定， 房价绝对不能暴跌 。为什么？听完这4个真实原因，你就恍然大悟了。 第二个原因：地方政府的钱袋子 这个说得直白点，就是土地财政的问题。很多地方政府，30%以上的收入都来自卖地。你说房价跌了，地价能不跌吗？地价 跌了，地方财政收入就少了。 没钱了怎么办？公务员工资发不出，基建项目停工，民生保障也得打折扣。这不是开玩笑的事儿。 据内部人士透露 ，有些城市已经出现了财政紧张的苗头。如果这个时候再让房价大跌，那真的是雪上加霜了。 第三个原因：金融系统扛不住 银行这边的压力也便开始显现。现在大部分老百姓买房都是贷款，如果房价暴跌，会不会掀起一波断供潮？ 第一个原因：整个经济都绑在房子上了 现实也是这样的，房地产这个行业，已经不是单纯的盖房卖房那么简单了。你想想，从水泥钢筋到家具家电，从银行放贷 到装修设计，这一整条产业链上，多少人在吃这碗饭？ 无疑也是一个巨大的就业蓄水池。如果房价真的暴跌，势 ...

Group 1 - The core viewpoint emphasizes the need to establish an employment-friendly development model to enhance job quality and expand employment capacity, aligning high-quality development with full employment [1] - The "14th Five-Year Plan" has introduced a comprehensive support system including social insurance fee reductions, unemployment insurance, and entrepreneurship subsidies, resulting in 60.32 million new urban jobs created by September this year [3] - The future economic outlook remains positive, with solid foundations for stable employment, although challenges such as structural employment issues and external environmental changes persist [3] Group 2 - Since 2019, the Ministry of Human Resources and Social Security has released 110 new occupations, attracting many young workers to roles such as homestay managers and online anchors, reflecting the evolving job market [5] - The integration of technology and new market demands is expected to create new employment opportunities, driving high-quality job creation and economic growth [5]

Core Viewpoint - The article emphasizes the importance of implementing employment-first strategies and improving people's livelihoods in response to the current economic situation in Guangxi and Guangdong provinces [1] Group 1: Employment and Economic Stability - The government is urged to accelerate the implementation of policies aimed at stabilizing employment and the economy, particularly as the year-end approaches [1] - There is a focus on supporting enterprises to stabilize and expand employment, with specific attention to the employment of college graduates and migrant workers [1] - The article highlights the need for assistance to vulnerable groups in employment and addressing wage arrears for migrant workers [1] Group 2: High-Quality Development and Innovation - The government is encouraged to focus on high-quality development by fostering new productive forces and promoting technological innovation and industrial development [1] - There is an emphasis on creating new job opportunities and developing new occupational positions through large-scale vocational skills training initiatives [1] - The article calls for the improvement of employment support and public service systems to achieve annual employment targets [1] Group 3: Aging Population and Social Welfare - The article stresses the need to actively respond to population aging by optimizing basic elderly care services and enhancing urban-rural elderly care networks [1] - There is a push for the development of smart elderly care and the silver economy, promoting the coordinated development of elderly care services and industries [1] - The government is urged to fully implement various welfare policies and strengthen monitoring and care services for vulnerable children [1]

Core Insights - The article emphasizes the importance of implementing employment-first strategies and improving people's livelihoods in response to the recent economic challenges faced by the regions of Guangxi and Guangdong [1] Employment and Economic Stability - The government is urged to accelerate the implementation of policies aimed at stabilizing employment and the economy, particularly as the year-end approaches [1] - There is a focus on supporting enterprises to stabilize and expand employment opportunities, especially for college graduates and migrant workers [1] - The need for assistance to vulnerable groups and addressing wage arrears for migrant workers is highlighted [1] High-Quality Development and Innovation - The article stresses the importance of high-quality development and the need to develop new productive forces tailored to local conditions [1] - Emphasis is placed on technological innovation and industrial development to create new job opportunities and new career positions [1] - A large-scale vocational skills enhancement training initiative is proposed to improve the employment support and public service system [1] Aging Population and Social Welfare - The article discusses the necessity to address the challenges posed by an aging population by optimizing basic elderly care services and improving urban-rural elderly care networks [1] - The development of smart elderly care and the silver economy is encouraged to promote the coordinated development of elderly care services and industries [1] - There is a call for comprehensive implementation of various welfare policies and strengthening monitoring and care services for vulnerable children [1]

Group 1 - The third National Labor Cooperation and Labor Brand Development Conference will be held in Nanning, Guangxi from November 18 to 19, 2025, showcasing Sichuan's achievements in labor cooperation and employment promotion through brand development [1] - Sichuan has cultivated 358 regional characteristic labor brands, including 60 provincial-level brands, contributing to a labor income of 7,340 billion yuan in 2024, with 6,395 billion yuan achieved from January to October 2025 [5] Group 2 - The "Highland Rose Artisan" initiative in Aba Prefecture has helped over 3,700 farming households increase their income and created over 200 stable jobs through a "planting + processing + cultural tourism" integration model [2] - The "Ningnan Silkworm Brothers and Sisters" project in Liangshan Prefecture has driven a comprehensive industrial output value exceeding 3.1 billion yuan and trained 38,000 people, with over 1,000 individuals obtaining certification [2] - The "Chuan Zhong Lithium Worker" brand has trained over 5,200 skilled workers and directly created employment for over 30,000 people, accounting for 70% of new labor demand in the local lithium industry [3] - The "Longxiang Chef" brand in Zigong City has influenced over 100,000 restaurant workers, with a projected retail revenue of 18.45 billion yuan in 2024 [3] - The "Bridge Town Crystal Worker" brand has trained 25,000 people and created over 10,000 jobs, contributing to a photovoltaic output value exceeding 100 billion yuan [3] - The "Sweet Brand" from Neijiang City has developed 11 characteristic labor brands and conducted nearly 100,000 targeted skill training sessions, leading to stable employment for over 1.4 million people and generating an output value of 40 billion yuan [3] Group 3 - Chengdu's "Longquan Car Worker" has invested over 200 million yuan in a training system, cultivating over 270,000 skilled workers and facilitating employment for over 100,000 people in the industrial chain [4] - Dazhou's "Bashu Vine Artisans" has trained over 1,600 technicians and generated an annual output value exceeding 500 million yuan, creating over 100,000 local jobs [4] - Guang'an's "Wusheng Hemp Brother" has invested over 10 million yuan annually, training over 35,000 industrial workers and establishing over 3,000 stores nationwide, leading to nearly 100,000 jobs [4]

Core Insights - The third National Labor Cooperation and Labor Brand Development Conference was held in Nanning, Guangxi, showcasing Sichuan's achievements in labor cooperation and employment promotion through branding [1] Group 1: Labor Cooperation Agreements - Key agreements signed during the conference include a labor cooperation agreement between the Aba Prefecture Human Resources and Social Security Bureau and the Wenzhou Human Resources and Social Security Bureau, facilitating orderly labor transfer from highland minority areas to developed eastern regions [2] - Another agreement was signed between the Ningnan County Government and the Sichuan Silk Science Research Institute to enhance the "Ningnan Silkworm Brand," which has already helped 102,000 people engage in mulberry planting and silkworm breeding, with an average income increase of 30,000 yuan per person [2] Group 2: Labor Brand Highlights - The "Chuan Zhong Lithium Worker" brand has trained over 5,200 skilled workers and directly created employment for more than 30,000 people, supplying 2,000 technical workers annually, accounting for 70% of new employment in the local lithium industry, with an average monthly salary of 6,800 yuan [3] - The "Longxiang Pinchu" brand in Zigong has driven over 100,000 restaurant workers, with a projected 2024 retail revenue of 18.45 billion yuan, gaining national and international influence [5] - The "Qiaoxiang Jinggong" brand in Leshan has trained 25,000 people and directly employed over 12,000, contributing to a photovoltaic output exceeding 100 billion yuan [5] Group 3: Employment and Economic Impact - The "Ningnan Silkworm Brand" has achieved a comprehensive industrial output value exceeding 3.1 billion yuan, with 50% of the domestic market share in high-end silk [8] - The "Wusheng Mago" brand in Guang'an has trained over 35,000 industrial workers, leading to nearly 100,000 jobs and an average income increase of nearly 10,000 yuan per person [9] - Sichuan has cultivated 358 regional labor brands, with labor income projected to reach 734 billion yuan in 2024, and 639.5 billion yuan achieved from January to October 2025 [9]

Core Viewpoint - The overall operation of the national economy in October is stable, with solid progress in transformation and upgrading, and the new development momentum continues to grow [1] Economic Performance - The external environment remains unstable and uncertain, and there are significant pressures from domestic structural adjustments, posing challenges to the stable operation of the economy [1] Policy Recommendations - The next steps should focus on maintaining a stable yet progressive work guideline, expanding domestic demand comprehensively, and ensuring stability in employment, enterprises, markets, and expectations [1] - There is an emphasis on actively promoting the effective implementation of macro policies, deepening reforms and opening up, and further strengthening innovation-driven initiatives [1] Economic Goals - The aim is to promote a qualitative effective improvement and a reasonable quantitative growth of the economy [1]