Core Viewpoint - The National Development and Reform Commission (NDRC) is implementing a series of measures aimed at stabilizing employment and the economy, with most initiatives expected to be in place by the end of June. These measures are part of a broader strategy to respond to external environmental changes and to fulfill the decisions made by the central government [1][2]. Group 1: Economic Measures - The NDRC's initiatives include support for employment, stabilization of foreign trade, promotion of consumption, effective investment expansion, and the creation of a stable development environment [1][2]. - The "Two Heavy" policies focus on major strategic implementations and key area security capability construction, with nearly 500 billion yuan allocated for long-term special bonds to support significant projects [2][3]. - The "Two New" policies involve the replacement of consumer goods and large-scale equipment updates, with over 160 billion yuan allocated for the first two batches of funding, and an additional 140 billion yuan expected [2][3]. Group 2: Funding Efficiency and Market Regulation - The NDRC aims to improve funding efficiency by establishing a direct and rapid mechanism for special bond funds and implementing loan interest subsidies for equipment updates [3]. - There is a focus on addressing "involution" in competition, where companies engage in unhealthy practices such as selling below cost, which distorts market mechanisms and disrupts fair competition [3]. - The NDRC plans to enhance market regulation, promote industrial transformation, and eliminate local protectionism to ensure a healthy industrial development environment [3]. Group 3: Low-altitude Economy Development - The NDRC is working with relevant departments to expand low-altitude economic applications, including low-altitude tourism and consumer drones, while ensuring safety and risk control [4]. - The initiative includes strengthening safety governance and holding local governments and industry management accountable for regulatory compliance [4].