Guangda Securities Gao Ruidong learns the spirit of the political bureau meeting: Stabilizing employment is put at the forefront of the "four stabilizations", and it is expected that the policy of stabilizing employment will continue to be implemented.

On April 26, the Chief Economist of China Everbright Securities, Gao Ruidong, released his study of the spirit of the Politburo meeting on April 25. Gao Ruidong believes that in the short term, policies emphasize a bottom-line mindset, with the goal of achieving the "Four Maintains" - namely, the meeting's emphasis on "stabilizing employment, stabilizing businesses, stabilizing markets, and stabilizing expectations." The meeting specifically focused on guaranteeing people's livelihoods, vigorously developing service consumption, speeding up the implementation of fiscal funds, and effectively utilizing monetary policies, deploying four main policy measures. Gao Ruidong emphasized that stabilizing employment is at the forefront of the "Four Maintains," indicating that employment is receiving high attention from current decision-makers. Looking ahead, it is anticipated that employment stabilization policies will continue to be implemented. On one hand, by increasing the proportion of unemployment insurance funds for stabilizing posts, it will reduce the pressure on companies to lay off workers. On the other hand, it is expected that major projects will also accelerate, absorbing employment groups in coastal areas through employment through construction. Long-term policies need to address development issues through deepening reform and opening up, firmly expanding high-level opening up to the outside world, and continuously advancing the key core technology breakthroughs. This way, China can stand in a favorable position in international economic and trade competitions. "In the long run, the east wind is still strong." As long as we maintain strategic focus and concentrate on doing our own things well, we will eventually stand on China's side in terms of timing and momentum.