On April 18, Premier Li Qiang presided over a State Council executive meeting, which discussed a comprehensive package of measures aimed at stabilizing employment, boosting consumption, and advancing the economy toward high-quality development.

Businesses are encouraged to maintain stable employment and expand vocational skills training programs, while efforts should be made to stabilize foreign trade and investment and support foreign-funded enterprises in reinvesting domestically, according to the meeting.

The meeting called for boosting service consumption in sectors such as elderly care, childbearing support, culture, and tourism, and invigorating private investment, as well as continuing to stabilize the stock market and promote steady and healthy development of the real estate market.

While highlighting the need to address public concerns, the meeting also called for efforts to crack down on illegal market activities and foster safe and reliable consumption experiences.

Efforts are required to enhance the regulatory capacity at the primary level and the application of new-generation information technologies, the meeting noted.

During the meeting, a draft social assistance law was discussed and approved in principle. It will be submitted to the Standing Committee of the National People's Congress for deliberation.

A revised draft of the regulations on the protection of new plant varieties was also deliberated and approved at the meeting, which supports the action plan on seed industry vitalization while encouraging innovation in agricultural technology.

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