Chinese Premier Li Qiang on Friday chaired a pivotal State Council executive meeting focused on strategies to stabilize employment, boost economic growth, and promote high-quality development across the nation.
In an effort to strengthen the job market, the meeting underscored the importance of businesses maintaining stable employment levels and expanding vocational skills training programs. The aim is to equip the workforce with the necessary skills to meet the demands of a rapidly evolving economy.
Recognizing the significance of global economic ties, the council emphasized stabilizing foreign trade and investment. Measures will be taken to support foreign-funded enterprises in reinvesting domestically, further integrating China into the global economy.
The meeting also highlighted the need to boost service consumption in sectors such as elderly care, childbearing support, culture, and tourism. By invigorating these areas, the government aims to stimulate domestic demand and enhance the quality of life for its citizens.
Private investment was identified as a key driver for economic vitality. The council called for efforts to invigorate private investment, acknowledging its crucial role in fostering innovation and sustaining growth.
To ensure financial stability, continuous efforts will be made to stabilize the stock market and promote the steady, healthy development of the real estate market. These measures are intended to build confidence among investors and maintain a balanced economic environment.
Addressing public concerns, the meeting called for a crackdown on illegal activities to create a safe and reassuring consumption environment. Enhancing regulatory capacity at the primary level and leveraging new-generation information technologies were emphasized as essential steps towards effective governance.
Significantly, a draft social assistance law was discussed and approved in principle. This legislation will be submitted to the Standing Committee of the National People’s Congress for deliberation, signaling a commitment to strengthening social welfare systems.
Additionally, a revised draft of regulations on the protection of new plant varieties was deliberated and approved. The council noted the necessity to fully implement the seed industry revitalization action plan, promoting innovative development within the agricultural sector.
