Since the Politburo meeting of the Central Committee first proposed “focusing on stabilizing employment, stabilizing enterprises, stabilizing markets, and stabilizing expectations” on April 25, 2025, a series of policies and measures to stabilize employment and the economy have been accurately implemented, continuously activating the endogenous momentum of economic development. At the end of the year, the Central Economic Work Conference once again emphasized the “Four Stabilities”, which is an inevitable requirement for implementing the general tone of steady progress. Currently, China's economy is in a critical period of transformation and upgrading. The external environment is complex and severe, and internal structural contradictions still exist. Total employment pressure is intertwined with structural contradictions. Business entities, especially micro, small and medium-sized enterprises, face multiple challenges such as rising costs and insufficient demand. Market operation mechanisms still need to be improved, and weak social expectations have not been fundamentally reversed. A number of experts and scholars interviewed said that the “Four Stabilities” require mutual conditions and mutual support to lay a solid foundation for achieving effective improvement in economic quality and reasonable volume growth, and promote the steady and far-reaching development of the Chinese economy.

Since the Politburo meeting of the Central Committee first proposed “focusing on stabilizing employment, stabilizing enterprises, stabilizing markets, and stabilizing expectations” on April 25, 2025, a series of policies and measures to stabilize employment and the economy have been accurately implemented, continuously activating the endogenous momentum of economic development. At the end of the year, the Central Economic Work Conference once again emphasized the “Four Stabilities”, which is an inevitable requirement for implementing the general tone of steady progress. Currently, China's economy is in a critical period of transformation and upgrading. The external environment is complex and severe, and internal structural contradictions still exist. Total employment pressure is intertwined with structural contradictions. Business entities, especially micro, small and medium-sized enterprises, face multiple challenges such as rising costs and insufficient demand. Market operation mechanisms still need to be improved, and weak social expectations have not been fundamentally reversed. A number of experts and scholars interviewed said that the “Four Stabilities” require mutual conditions and mutual support to lay a solid foundation for achieving effective improvement in economic quality and reasonable volume growth, and promote the steady and far-reaching development of the Chinese economy.