Interpretation of Economic Data in the First Half of the Year: Multiple Measures to Continuously Support Stable Growth Construction | Recovery | Economy
CCTV News: Currently, China is in a critical period of economic recovery and industrial upgrading, and it is even more necessary to make efforts in transforming modes, adjusting structures, and increasing driving forces. Recently, multiple policy measures to stabilize growth, employment, and consumption are being implemented one after another.
The Ministry of Industry and Information Technology has made it clear that it will cultivate more high-quality small and medium-sized enterprises, guide innovation resources to gather in small and medium-sized enterprises, promote collaborative innovation development among large, small and medium-sized enterprises, and effectively enhance the core competitiveness of small and medium-sized enterprises.
![Interpretation of Economic Data in the First Half of the Year: Multiple Measures to Continuously Support Stable Growth Construction | Recovery | Economy](https://a5qu.com/upload/images/573e4a3ae77676aa441e01bec8410630.jpg)
In response to the generally high interest rates on existing housing loans, the People's Bank of China encourages commercial banks to negotiate with borrowers to change contracts or replace existing housing loans with newly issued loans.
The National Development and Reform Commission has made it clear that it is necessary to quickly formulate and introduce policies to restore and expand consumption, accelerate the construction of charging stations, energy storage facilities, and the renovation of supporting power grids, and vigorously promote the introduction of new energy vehicles to rural areas.
![Interpretation of Economic Data in the First Half of the Year: Multiple Measures to Continuously Support Stable Growth Construction | Recovery | Economy](https://a5qu.com/upload/images/2ae419ce526468139a043da5361c6644.jpg)
The Ministry of Commerce has proposed to introduce targeted supporting measures to promote high-quality development in the automotive, home furnishings, brand consumption, and catering industries.
Several provinces and cities have recently introduced a series of measures to promote employment and benefit people's livelihoods. Hebei Province plans to develop and establish 5500 temporary public welfare positions by 2023, and provide job seeking subsidies of 2000 yuan per person to eligible graduates in need. Shandong Province will allocate 6.8 billion yuan in 2023 to fully support the stable employment foundation. The central and provincial employment subsidy funds arranged by Jiangsu Province are expected to increase by 31% in 2023.
![Interpretation of Economic Data in the First Half of the Year: Multiple Measures to Continuously Support Stable Growth Construction | Recovery | Economy](https://a5qu.com/upload/images/9312d8b1553bf50da992243be3a368a7.jpg)