Economic Daily Jin Guanping: Precise Coordination to Ensure Stable Employment and Stable Economy

Recently, the toolbox of stable employment and economic policies has been updated again, with a set of "combinations" that support employment, stabilize foreign trade development, promote consumption, actively expand effective investment, and create a good environment for stable development. It follows the package of incremental policies introduced in September last year, as well as the directives from the Central Economic Work Conference and the National Two Sessions, to further amplify the combined effects, stacking effects, and multiplier effects of policies, effectively promoting the sustained recovery and improvement of China's economy. In the first quarter of this year, the overall employment situation in China remained stable. However, some challenges cannot be ignored. Facing the new stable employment situation, the policy "combinations" are making efforts to both "expand capacity" by introducing incentive policies, increasing job creation efforts, and actively exploring new sources of employment growth, as well as "improve efficiency" by prioritizing the employment of college graduates and young people. Initiating an employment service action to expand opportunities for work outside the home, increasing support for vocational training, improving the targeting of vocational training, and helping key groups improve their competitiveness in the job market and adaptability to job roles.