Multiple policies aimed at stabilizing economic growth are expected to be introduced one after another in the near future, involving areas such as "two new" and "two double", as well as stabilizing foreign trade. Experts suggest that the early introduction of incremental policies can help stabilize expectations and achieve early results. Since the beginning of this year, the "two new" policies have been strengthened and expanded, becoming an important engine for expanding domestic demand. The latest data shows that subsidies for purchasing new digital products such as mobile phones have driven sales of over 140 billion yuan, and retail sales of household appliances have maintained double-digit growth for eight consecutive months. Investment in equipment and tools purchases in the first four months of this year increased by 18.2% year-on-year. The reporter learned that in the next step, the National Development and Reform Commission will accelerate the allocation of funds and work with the Ministry of Finance to complete the settlement of the 2024 consumer goods trade in funds as soon as possible, and issue subsequent funding quotas. Improve the efficiency of fund use, establish a direct and quick access mechanism for ultra long term special treasury bond funds, accelerate the introduction and implementation of equipment renewal loan discount policy, and reduce the cost of equipment renewal financing for various business entities; Promote relevant departments to further simplify the subsidy application process, clarify the review and payment deadline, implement the fund pre allocation system, enhance consumer experience, and alleviate the pressure of business entities to advance funds. Strengthen policy reserves, timely track and evaluate the progress of various work, conduct in-depth research on incremental and reserve policies in the "two new" fields, and timely release them after approval according to procedures. One of the main directions for expanding the scope of the 'two new' policies in the future may be durable goods, such as appliances, kitchenware, bathrooms, sanitary ware, etc. ”Analysis by Zhang Yiqun, Vice Chairman of the Performance Committee of the Chinese Society of Finance. Investment has always played a key role in stabilizing growth, adjusting structure, cultivating momentum, benefiting people's livelihoods, and preventing risks. As of now, more than 5000 specific projects involved in the 102 major projects of the 14th Five Year Plan have completed 99% of the planned goals and tasks. The relevant person in charge of the National Development and Reform Commission revealed that they will strive to issue a list of all projects for the "dual" construction and central budget investment by the end of June 2025, and at the same time establish new policy based financial instruments to solve the problem of insufficient capital for project construction. Recently, many regions have held relevant work meetings to plan and reserve new policy based financial instrument projects, with a focus on emerging industries, green development, and other areas. According to Tao Chuan, Chief Economist of Minsheng Securities Research Institute, the amount of new policy financial instruments may be around 500 billion yuan. In the same situation as the investment leverage effect of policy development financial instruments in 2022, new policy financial instruments are expected to drive effective investment of 6 trillion yuan to 6.5 trillion yuan. Foreign trade is a key hub for promoting domestic and international dual circulation, and is one of the "three pillars" driving economic growth. Vice Minister of Commerce Sheng Qiuping introduced that efforts will be made to increase real financial support and reduce the domestic sales costs of foreign trade enterprises. The relevant departments will further expand the underwriting scale and coverage of export credit insurance, so that foreign trade enterprises have more confidence in accepting orders. In terms of stabilizing employment, Yu Jiadong, Deputy Minister of the Ministry of Human Resources and Social Security, stated that efforts will be made to accelerate the introduction of incremental policies, increase support for expanding employment opportunities for enterprises, increase employment subsidies for individuals, and increase the proportion of unemployment insurance stabilization and return for enterprises greatly affected by tariffs. In the opinion of Li Zhan, an economist from the Research Department of China Merchants Fund, it is necessary to introduce measures as soon as possible, including stable employment return, guaranteed loans, employment subsidies, vocational skills training, and expanding work for relief. At the same time, it is recommended to strengthen public employment services and increase policy intensity appropriately. In addition, measures to stabilize exports and strengthen economic and trade cooperation are also being promoted, especially for the Yangtze River Delta, Pearl River Delta and other regions, targeted "one industry, one policy" and "one enterprise, one policy" support measures should be implemented. The relevant departments have stated that they will adhere to a normalized and open policy research and reserve, continuously improve the policy toolbox for stabilizing employment and the economy, and ensure timely implementation when necessary. In the second half of the year, there is still a considerable room for 'moderate easing' of monetary policy, and fiscal policy will further introduce incremental policy measures in promoting consumption and expanding investment. The sustained efforts of domestic macroeconomic policies will become the biggest certainty factor for stabilizing economic operation. ”Wang Qing, Chief Macro Analyst of Dongfang Jincheng, predicts. (New Society)