Economic Policy Measures - The Chinese government has introduced a new set of policies aimed at stabilizing employment, businesses, markets, and expectations, following the "Four Stabilities" proposed in April 2025 [1][3] - The policies focus on five key areas: supporting employment, stabilizing foreign trade, promoting consumption, expanding effective investment, and creating a stable development environment [3] Employment Support - Key measures to support employment include encouraging companies to maintain jobs, increasing vocational training, expanding support through work-for-relief programs, and enhancing public employment services [5] - The government plans to accelerate the introduction of incremental policies to support job creation and provide subsidies to individuals affected by tariffs [5][6] Foreign Trade Stability - In response to challenges in foreign trade, particularly due to U.S. tariffs, the government has proposed tailored support for export enterprises to help them mitigate risks [5][8] - The Ministry of Commerce is working to facilitate the transition of foreign trade enterprises to domestic sales channels and is providing financial support to alleviate credit risks [6][8] Consumption Promotion - Measures to boost consumption include expanding service consumption, enhancing care for the elderly, and promoting automobile sales [8][9] - The government is focusing on key consumer products and is implementing policies to support the supply of services to meet growing demand [9][11] Investment Expansion - The government aims to enhance investment by improving consumption infrastructure, boosting private investment, and introducing new financial tools [11][12] - Industrial software has been included in the support range for equipment upgrades, which is expected to drive development in this critical sector [12] Stable Development Environment - Policies to create a stable development environment include maintaining a vibrant capital market, stabilizing the real estate market, and increasing financial support for the real economy [14] - The central bank is utilizing various monetary policy tools to ensure reasonable growth in money and credit, while also optimizing the credit structure [14][16] Economic Growth Indicators - In the first quarter, China's GDP grew by 5.4%, reflecting the resilience and vitality of the economy [16] - The contribution of domestic demand to economic growth has increased significantly, indicating a shift towards a more self-sustaining economic model [16]