Zhao Chenxin, deputy head of the National Development and Reform Commission, highlighted the necessity of having robust contingency plans and a refined policy toolkit to ensure economic stability and employment.

In a related effort, Sheng Qiuping, vice-minister of commerce, is expected to unveil detailed measures aimed at enhancing the role of consumption in driving economic growth, particularly by leveraging the domestic market to counter external risks.

The government intends to expedite the implementation of measures designed to stabilize employment and the economy, which includes utilizing 5 trillion yuan (approximately $685.22 billion) in national investment funds throughout 2025.

Despite facing external pressures, Zhao assured that China possesses 'abundant policy reserves' and 'ample policy space' for swift and effective action.

Zhao also mentioned initiatives aimed at smoothing domestic circulation, which include efforts to build a unified national market and rectify market access barriers over the next six months.

On April 29, 2025, China announced a series of incremental policy measures aimed at stabilizing its economy in response to ongoing external challenges.

China's strategy includes expanding domestic demand to lessen the impact of US tariff hikes, with plans to increase incomes for low and middle-income groups to boost overall consumption.

Zou Lan, deputy governor of the People's Bank of China, confirmed that the central bank will adopt proactive macroeconomic policies, adjusting reserve requirement ratios and interest rates as necessary to maintain liquidity.

To support this initiative, the government has allocated over 160 billion yuan for consumer goods trade-in programs, alongside additional funding for childcare subsidies and eldercare services.

Policymakers are actively coordinating domestic economic strategies in light of international trade tensions, with a focus on stabilizing employment, supporting enterprises, and managing market expectations.