Group 1 - The policy governance goal has shifted from "Six Stabilities" to "Four Stabilities," focusing on stabilizing employment, enterprises, markets, and expectations, reflecting changes in the economic environment and governance thinking [1][15][17] - The emphasis on employment remains unchanged, with a record high of over 17.7 million new urban labor force and 12.22 million college graduates this year, highlighting the importance of job stability for consumer confidence and investment [1][15][18] - The integration of previously scattered policies into a more systematic approach allows for more precise interventions in the economy, focusing on the micro-foundations of economic operation [1][16][17] Group 2 - In the first quarter, China's economy achieved a growth rate of 5.4%, driven by export "grab" effects, early issuance of local bonds for infrastructure investment, and the "new three items" investment boom [2][18][21] - The sustainability of these driving factors and the emergence of new growth momentum will significantly impact the economic outlook for the second half of the year [2][18][19] - The second quarter serves as a critical observation period for the effects of previous policies and the transition to subsequent policies, which will shape the economic trajectory [2][18][19] Group 3 - Exports have shown resilience, with a cumulative year-on-year growth of 6% from January to May 2025, supported by increased non-U.S. exports and the "grab export" effect [3][21] - The "grab export" effect is expected to weaken, as the space for further "price-for-volume" strategies in U.S. exports diminishes [6][21][36] - The trade dynamics are influenced by ongoing U.S.-China tariff policies, with companies adjusting their strategies in response to changing tariffs [6][20][45] Group 4 - Consumer spending and investment have been stimulated by policies, with retail sales showing a cumulative year-on-year growth of 5% in the first five months of 2025 [4][23][27] - The "old-for-new" consumption policy and large-scale equipment updates have significantly contributed to this growth, with substantial government support for these initiatives [4][23][26] - Infrastructure investment has been bolstered by early local bond issuance, with a historic increase in special bonds and local government debt planned for 2025 [4][27] Group 5 - Economic internal dynamics show signs of weakness, particularly in major cities where consumer spending has declined, indicating a potential challenge for future growth [5][29][33] - Fixed asset investment growth has been uneven, with manufacturing and infrastructure performing well, while real estate investment continues to decline [5][31][33] - Price levels reflect ongoing demand issues, with CPI and PPI showing negative growth, indicating persistent economic challenges [5][33][36] Group 6 - The second half of 2025 may face significant pressures, including the impact of export uncertainties and the diminishing effects of stimulus policies [6][36][42] - Employment stability is under pressure, with a record number of college graduates entering the job market and potential job losses in export-oriented small and medium enterprises [7][43][46] - The interplay between employment stability and other economic factors such as enterprise stability, market stability, and expectations will be crucial for economic resilience [7][43][46]

据央视新闻消息，今天上午10点，国务院新闻办公室将举行新闻发布会，国家统计局新闻发言人付凌晖 将介绍2025年4月份国民经济运行情况。发布会预计将重点关注房地产、就业等热点问题。今年4月，中 央政治局首次提出"四稳"政策，即着力稳就业、稳企业、稳市场、稳预期，并强调高质量发展以应对外 部环境的不确定性。会后，各部门已出台多项措施支持经济发展。记者们期待听取国家统计局对4月经 济数据的解读，包括消费、外贸、投资等方面的表现。 ...

4 月 25 日中共中央政治局会议在全面研判国内外形势基础上，提出以 "四稳" 政策体系巩固经济回升向 好态势，展现出短期纾困与长期转型的战略平衡。会议指出，一季度 GDP 同比增长 5.4%、规模以上工 业增加值增速达 6.5% 的背后，仍存在需求不足、内生动力不强、风险隐患仍存等结构性矛盾，需通过 系统性政策组合拳破解深层问题。 稳就业与促消费的双向联动成为政策发力重点。针对青年失业率 14.9% 的结构性难题，会议提出 "提高 中低收入群体收入""设立服务消费与养老再贷款" 等举措，通过消费扩容带动就业。北京、上海等地试 点的 "银发经济" 服务消费券已初见成效，苏州通过发放养老服务消费券、联合企业推出特惠活动，不 仅带动 12 万个养老护理岗位新增，还激活了老年群体的消费潜力，2024 年四季度苏州老年消费市场规 模环比增长 18%。与此同时，深圳将高新技术企业研发费用加计扣除比例提高至 120%，直接推动企业 专利申请量增长 23%，为青年人才提供了更多高技能岗位。 稳企业与强创新的协同推进针对外贸与科技领域的双重挑战。面对美国对华关税政策扰动，政策组合拳 包括提高 13% 出口退税率、设立 200 ...