Core Viewpoint - The National Development and Reform Commission (NDRC) is accelerating the implementation of policies aimed at stabilizing employment and the economy while promoting high-quality development, with most measures expected to be in place by the end of June 2024 [1] Group 1: "Two Heavy" Construction Progress - The NDRC has arranged over 700 billion yuan in special bonds for long-term projects in 2024 and nearly 500 billion yuan for 2025 to support major projects such as transportation infrastructure along the Yangtze River and urban underground pipelines [2] - A significant number of "Two Heavy" projects are expected to stabilize economic operations, optimize industrial structures, and enhance public services for migrant workers in urban areas [2][3] - The construction of over 1 million kilometers of small irrigation channels and more than 27 million small agricultural water conservancy facilities has been completed, strengthening food security [3] Group 2: Addressing "Involution" Competition - The NDRC is addressing structural issues in industries that have led to "involution" competition, where companies engage in unhealthy practices such as selling below cost [4] - Measures include promoting innovation to enhance product quality and core competitiveness, and enforcing regulations to eliminate local protectionism and market segmentation [5] - The NDRC aims to optimize industrial layouts and strengthen market supervision to maintain fair competition and eliminate low-quality market practices [5] Group 3: Stabilizing Foreign Investment Confidence - The NDRC is revising the "Encouraged Foreign Investment Industry Directory" to include high-end manufacturing and digital economy sectors, aiming to attract more foreign investment [6] - Policies to support foreign enterprises in reinvesting domestically are being developed, focusing on enhancing financial support and project service processes [6] - A dedicated task force has been established to expedite the implementation of significant foreign investment projects, with 66 projects already completed, amounting to 97 billion USD [7]

Core Viewpoint - The National Development and Reform Commission (NDRC) is focused on stabilizing employment and the economy through the implementation of various policies and measures, including the promotion of the Private Economy Promotion Law and addressing issues related to "involution" in competition [1][3][4]. Group 1: Employment and Economic Stability - The NDRC plans to accelerate the implementation of existing policies and introduce new measures to promote high-quality development, with most initiatives expected to be in place by the end of June [1]. - The NDRC will maintain a proactive approach to policy research and reserve, ensuring timely implementation of necessary measures [1]. Group 2: Investment and Foreign Capital - The NDRC aims to enhance foreign investment confidence by revising the encouraged foreign investment industry catalog and developing policies to support reinvestment by foreign enterprises [2]. - The commission will expedite the implementation of significant foreign investment projects and continue to provide favorable conditions for multinational companies operating in China [2]. Group 3: Addressing Involution in Competition - The NDRC acknowledges the structural issues arising from the transformation of traditional industries and the emergence of new industries, which have distorted market mechanisms and disrupted fair competition [3]. - The commission will implement targeted measures to address these structural contradictions and promote healthy industrial development and quality upgrades [3]. Group 4: Implementation of the Private Economy Promotion Law - The Private Economy Promotion Law took effect on May 20, with the NDRC focusing on legal promotion, policy implementation, and addressing concerns of private enterprises [4]. - The NDRC has planned 53 policy measures across seven areas to support the law's implementation, including enhancing the social credit system and addressing issues related to overdue payments to private enterprises [4].