China's State Council Information Office outlined fresh measures to stabilize employment and drive high-quality economic development during a press conference on Monday. The policies aim to address domestic challenges while reinforcing the nation's role as a global growth engine.
Prioritizing Employment Stability
Officials revealed plans to create 12 million urban jobs in 2024 through vocational training programs and targeted support for key sectors. Labor market analyst Li Ming noted: "These initiatives could benefit recent graduates and rural migrant workers while addressing skills shortages in emerging industries."
Sustainable Growth Strategies
The government announced tax incentives for businesses adopting green technologies and digital transformation initiatives. Industrial upgrading projects in advanced manufacturing and artificial intelligence received particular emphasis, signaling opportunities for domestic and overseas investors.
Quality-Driven Development
A new framework for measuring regional economic performance will prioritize innovation capacity and environmental sustainability over raw output figures. This shift aligns with China's focus on achieving balanced, long-term growth across provinces.
The measures reflect ongoing efforts to stabilize economic fundamentals while pursuing technological self-reliance—a development closely watched by international markets and policymakers.
