Xinhua News Agency, Beijing, April 25th. Title: Unswervingly do your own thing well and strive to do the "four stability"
Xinhua News Agency reporter Xie Xiyao
"Unswervingly do your own thing well" "four stability" in stabilizing employment, stabilizing enterprises, stabilizing markets, and stabilizing expectations"—The meeting of the Political Bureau of the CPC Central Committee held on April 25th proposed the "four stability" for the first time when analyzing and studying the current economic situation and economic work, fully demonstrating the Party Central Committee's comprehensive and scientific grasp of the current economic situation, and sending a strong signal of "responding to the rapid changes in the external environment with the certainty of high-quality development", pointing out the direction and strengthening confidence in further improving economic work.
Since this year, facing the severe and complex international situation and arduous and heavy economic development tasks, my country's economy has shown a positive trend, and the overall social situation remains stable, which once again demonstrates the strong resilience and potential of China's economy. At the same time, we must also be clear-headed that the foundation for my country's continued recovery and improvement of the economy needs to be further consolidated and the impact of external shocks is increasing. In the face of risks and challenges, we must insist on seeking progress while maintaining stability, and focus on stabilizing employment, enterprises, market, and expectations, which will help mobilize the enthusiasm of all parties and are a powerful measure for us to unswervingly do our own business well.
To do a good job in the "four stability" work, we must especially highlight the employment priority and take multiple measures to help enterprises in need. The more pressure the economic operation is, the more we must stabilize the basic employment situation and help enterprises get out of their operating difficulties in a targeted manner. The meeting proposed pragmatic measures such as "increasing the income of middle- and low-income groups", "establishing a service consumption and pension re-loan", "continuously improving a policy toolbox to stabilize employment and economy", "strengthening financing support", "increasing the proportion of job stability refunds for enterprises that are more affected by tariffs", "accelerating the promotion of domestic and foreign trade integration", and "creating a batch of emerging pillar industries", etc., which not only faces the urgent needs of the people, and also conforms to the general trend of innovation-driven development and diversified consumption, but also helps to use industrial belts and promote industries through employment, providing strong support for ensuring and improving people's livelihood and stimulating the endogenous driving force of enterprises.
To do a good job in the "four stability" work, we need to persist in using the methods of deepening reform and opening up to solve development problems. Faced with risks and challenges such as the United States' abuse of tariffs disturbing the normal order of international economic and trade, we must firmly deepen reform and opening up, accelerate the construction of a new development pattern, and enhance the motivation and vitality of domestic and international dual circulation. The meeting proposed a series of deployments such as "accelerating the construction of a unified national market and solidly carrying out special actions to standardize law enforcement related to enterprises", "increasing the intensity of pilot policies for opening up the service industry", "strengthening services for enterprises to 'go global'", "continuously promoting key core technologies research and development", etc., which will help accelerate the smooth flow of high-quality resources and factors, promote the transformation of "big market" to "strong market", improve the stability and competitiveness of the industrial chain and supply chain, respond more effectively to complex changes in the external environment, and firmly grasp the initiative in development.
To do a good job in the "four stability" work, we must strengthen the consistency of policy orientation. "Stable employment, stabilize enterprises, stabilize market, stabilize expectations" connects people's lives and enterprise production, carries market confidence and development opportunities, is connected, linked and influences each other. "Start up the implementation of more active and effective macroeconomic policies, make good use of more active fiscal policies and moderately loose monetary policies", "timely cut reserve requirement ratio and interest rate cuts", "create new structural monetary policy tools", "establish new policy-based financial tools", etc., to continuously provide strong macroeconomic policy support and the source of "real money and fresh water" for expanding domestic demand, boosting consumption, helping enterprises alleviate difficulties, and increasing people's income.
No matter the chaotic clouds fly, confidence is as solid as a rock. In the face of difficulties and challenges, unswervingly doing your own thing is the best response. By facing difficulties, taking the initiative, and striving to promote the implementation of various decisions, deployments and reform measures of the Party Central Committee, we will surely be able to better gather development synergy, stabilize market expectations, consolidate the development foundation, and continuously consolidate and enhance the general trend of China's economic development towards new and positive development.
