Economic Growth and Employment - In the first quarter, China's economy grew by 5.4% year-on-year, demonstrating strong resilience and vitality [1] - The number of new urban jobs added in the first quarter was 3.08 million, an increase of 50,000 compared to the previous year, exceeding the expected pace [3] - The urban survey unemployment rate averaged 5.3% in the first quarter, which is below the expected control target [3] Policy Measures for Economic Stability - The government plans to establish a childcare subsidy system and create special re-lending tools to support key areas of service consumption and the elderly care industry [1] - Specific measures to stabilize foreign trade include tailored support for export enterprises and encouraging foreign investment in China [1] - The People's Bank of China will continue to implement a moderately loose monetary policy to support the real economy while maintaining the stability of the RMB exchange rate around 7.3 [2] Consumer Services and Employment Trends - The Ministry of Commerce is set to introduce a series of policies to enhance service consumption, including a 2025 action plan for quality improvement and a special action plan for health consumption [2] - There is a notable increase in recruitment demand in sectors such as life services, transportation logistics, and resident services, with AI-related job demand growing over 30% year-on-year [3]

Group 1: Employment and Economic Stability - The government is implementing measures to stabilize employment and promote high-quality economic development, focusing on encouraging enterprises to maintain employment and enhancing vocational training [1] - Specific initiatives include expanding support for export enterprises, encouraging foreign investment, and promoting service product exports [1] Group 2: Consumer Spending and Investment - The government aims to expand service consumption and strengthen care for disabled elderly individuals, as well as promote automotive consumption [1] - Efforts to boost effective investment include improving consumer infrastructure and increasing private investment enthusiasm [1] Group 3: Healthcare and Social Security - Ten provinces in China have implemented direct payment of maternity benefits to individuals, simplifying the process and reducing the time taken to receive benefits [2] - The maternity benefits, funded by the medical insurance fund, replace the salary of female employees during maternity leave [2][3] - The process for claiming maternity insurance has been streamlined, eliminating the need for additional documentation such as birth certificates and marriage certificates [3]

Core Viewpoint - The National Development and Reform Commission (NDRC) is implementing several measures to stabilize employment and the economy while promoting high-quality development, focusing on targeted and actionable policies to enhance the sense of gain for enterprises and the public [1] Employment Support - Encouragement for enterprises to actively stabilize employment - Increased efforts in vocational skills training - Expansion of support through labor-for-relief programs - Strengthening public employment services [1] Foreign Trade Stability - Implementation of tailored support measures for individual industries and enterprises - Assistance for export companies to mitigate risks - Expansion of service products for international markets - Encouragement for foreign enterprises to reinvest domestically [1] Consumption Promotion - Expansion of service consumption - Strengthening care services for disabled elderly individuals - Promotion of automotive consumption growth - Development of a skills-oriented compensation distribution system [1] Effective Investment Expansion - Improvement of consumer infrastructure - Significant encouragement of private investment - Establishment of new policy-based financial tools [1] Stable Development Environment - Continuous stabilization and activation of capital markets - Ongoing consolidation of stability in the real estate market - Increased financial support for the real economy [1]