China will introduce and implement a number of measures to stabilize employment, stabilize the economy, and promote high-quality development.

The State Council Information Office held a press conference at 10 a.m. today. Zhao Chenxin, Deputy Director of the National Development and Reform Commission (NDRC), Yu Jiadong, Deputy Minister of Human Resources and Social Security, Sheng Qiuping, Deputy Minister of Commerce, and Zou Lan, Deputy Governor of the People's Bank of China, introduced policies and measures to stabilize employment, stabilize the economy, and promote high-quality development, and answered questions from journalists.

Zhao Chenxin, Deputy Director of the NDRC: China will introduce and implement a series of measures to stabilize employment, stabilize the economy, and promote high-quality development.

Zhao Chenxin, Deputy Director of the NDRC, stated that China will introduce and implement a series of measures to stabilize employment, stabilize the economy, and promote high-quality development.

Zhao Chenxin: Measures to stabilize employment and the economy in five aspects will be introduced one by one as they mature.

Zhao Chenxin introduced that the measures to stabilize employment, stabilize the economy, and promote high-quality development cover five aspects. In terms of supporting employment, they mainly include measures such as encouraging enterprises to actively stabilize employment, intensifying vocational skills training, expanding support for work-based relief programs, and strengthening employment public services. In terms of stabilizing the development of foreign trade, they mainly include measures such as providing targeted support on an industry-by-industry and enterprise-by-enterprise basis, helping export enterprises to avoid risks, expanding the "going global" of service products, and encouraging foreign-funded enterprises to reinvest in China. In terms of promoting consumption, they mainly include measures such as expanding service consumption, strengthening care for the disabled elderly, promoting the expansion of automobile consumption, and establishing a skill-oriented salary distribution system. In terms of actively expanding effective investment, they mainly include measures such as improving consumer infrastructure, vigorously stimulating the enthusiasm of private investment, and establishing new-type policy-based financial instruments. In terms of creating a favorable environment for stable development, they mainly include measures such as continuously stabilizing and invigorating the capital market, continuously consolidating the stable trend of the real estate market, and increasing financial support for the real economy. All these policies focus on highlighting their pertinence and operability, emphasizing the enhancement of the sense of gain for enterprises and the public, and will be introduced one by one as they mature.

Zhao Chenxin: Proactively and openly conduct policy pre-research and reserve policies, and promptly introduce incremental reserve policies.

Zhao Chenxin stated that the NDRC will work with relevant departments to ensure the implementation of these measures in the next step. It will also proactively and openly conduct policy pre-research and reserve policies, make sufficient preparations, continuously improve the policy toolbox for stabilizing employment and the economy, and promptly introduce incremental reserve policies in response to changes in the situation.

Zou Lan of the PBOC responds to fluctuations in U.S. Treasury bonds: The impact of changes in a single market or asset on China's foreign exchange reserves is generally limited.

Zou Lan, Deputy Governor of the People's Bank of China, stated that he has noticed the recent fluctuations in the U.S. Treasury bond market. For a long time, China's foreign exchange reserves have aimed at safety, liquidity, and value preservation and appreciation. In line with market-oriented and professional principles, investments have been made in the international financial market, achieving relatively effective diversification of the investment portfolio. The impact of changes in a single market or asset on China's foreign exchange reserves is generally limited.