China News Service, Beijing, January 5 (Reporter Liu Liang) In 2025, China's people's livelihood will be better protected in a series of favorable policies.
First, employment support is greater.
Employment is the foundation of people's livelihood. Judging from the recent signals released by relevant departments, employment support is expected to increase this year.
The National Development and Reform Commission of China recently revealed at a press conference that it will increase the quality supply of public services this year, implement industrial, employment and other assistance policies; focus on improving the professional skills of college graduates, veterans, migrant workers and other groups; increase the implementation of the labor-for-relief policy and the scale of labor remuneration payment, etc.
The National Human Resources and Social Security Work Conference emphasized "make good guarantees", proposed to improve the minimum wage system, deepen the reform of the salary system, and appropriately increase social security benefits; focus on preventing industry, regional, and large-scale unemployment risks, etc.
Zhang Libin, a second-level researcher at the China Academy of Labor and Social Security Sciences, pointed out that in 2025, facing the complex employment environment, the pressure to stabilize growth and employment in China is still there. The government must implement the employment priority strategy at the macro level, take effective measures to boost the economy, stimulate the vitality of private investment, and enhance the ability of economic development to drive employment.
The second is to promote residents' income increase and burden reduction.
This year, China has closely integrated the promotion of consumption and benefiting people's livelihood. The Central Economic Work Conference emphasized that consumption should become an important engine to drive economic growth, while ensuring that people's livelihood and welfare continue to improve.
Relevant person in charge of the Central Finance and Economics Office revealed that this year, it will promote the stable growth of residents' income by increasing direct fiscal investment in terminal consumption and improving the level of social security. Including: promoting employment for key groups; improving the normal wage growth mechanism for workers, accelerating the construction of a skill-oriented salary distribution system; appropriately increasing the basic pension for retirees, increasing the basic pension for urban and rural residents, and increasing the financial subsidy standards for urban and rural residents' medical insurance, etc.
In 2024, China's "two new" policies, namely, the effects of large-scale equipment renewal and consumer goods trade-in on the economy, continued to emerge, investment in equipment and tools purchases grew rapidly, automobile scrapping and replacement and renewal, and home appliance trade-in sales increased significantly, and the proportion of sales of new energy vehicles and first-level energy-efficient home appliances continued to increase.
This year, the "two new" policies have been strengthened. For example, expand the scope of equipment update support to electronic information, production safety, facility agriculture and other fields. Implement new subsidies for purchasing digital products such as mobile phones; further increase the subsidy standards for renewal of new energy urban buses and power batteries and agricultural machinery scrapping. Increase support for installing consumer goods and replacing new products, etc.
Liu Xiumin, president of the China Home Appliance Service and Maintenance Association, said that since the implementation of the "two new" policies, it has driven the rapid growth of the home appliance market. As the "two new" policies are being further expanded, more industry equipment will be supported by renewal, which will drive related consumption growth and industrial chain development.
The third is that housing is more secure.
The Central Economic Work Conference proposed to step up efforts to renovate urban villages and dilapidated houses. The National Housing and Urban-Rural Development Work Conference also explains the benefits: in 2025, the supply of affordable housing should be increased, and the allocation of affordable housing should be strengthened, and a large number of new citizens, young people, migrant workers and others should be able to achieve housing.
Relevant person in charge of the Central Finance and Economics Office emphasized that we must focus on clearing the bottlenecks at checkpoints and better meet the rigid and improved housing needs of residents. Vigorously implement urban renewal, and strive to implement the renovation of urban villages and dilapidated houses. Projects with relatively mature conditions and urgent public willingness to transform should be promoted as soon as possible. We must implement measures to reduce restrictive measures according to the city, implement housing credit and tax policies and measures that have been introduced, and effectively reduce the cost of buying a house.
Since 2024, many "good houses" have emerged in the Chinese market. As some cities introduce new regulations on the area of the area, some new houses have increased their housing rate by "giving out" balconies, which is equivalent to consumers spending the same money to live in larger houses. China Index Academy predicts that in 2025, local supporting policies to support the construction of "good houses" are expected to be further implemented. In the future, as more high-quality housing sources enter the market, the demand for improved housing is expected to be further released. (End)
