This year, China continues to implement proactive fiscal policies. According to data released by the Ministry of Finance on the 21st, from January to July, various regions issued 2497.1 billion yuan (RMB, the same below) of new special bonds. Among them, the newly added special bonds for project construction amounted to 2359.8 billion yuan, mainly used for key areas such as municipal construction and industrial park infrastructure, social undertakings, transportation infrastructure, affordable housing projects, agriculture, forestry, and water conservancy, promoting the implementation of a large number of projects that benefit people's livelihoods, complement weaknesses, and strengthen weak points, playing an important role in driving the expansion of effective investment and maintaining stable economic operation. The issuance and use of special bonds are only one of the many fiscal policies that contribute to economic recovery and development. The relevant person in charge of the Ministry of Finance introduced that the next step will be to increase macroeconomic policy regulation efforts, focus on expanding domestic demand, boosting confidence, preventing risks, and continuously promote the continuous improvement of economic operation, the continuous enhancement of endogenous power, the continuous improvement of social expectations, and the resolution of risks and hidden dangers, in order to promote the effective improvement of quality and reasonable growth of the economy. Among them, it includes: - focusing on expanding effective demand and consolidating the foundation for economic recovery. Promote the early implementation and effectiveness of various fiscal and tax policies, continue, optimize, improve, and implement tax and fee reduction policies, accelerate the issuance and use of local government special bonds, and strengthen the coordination and cooperation of fiscal, monetary and other policies. ——Support the strengthening and optimization of the real economy, and boost market confidence. Promote innovation policies that benefit enterprises, such as the addition and deduction of research and development expenses, and fully enjoy them. Research and deepen the reform of the mechanism for allocating and using scientific and technological funds, and further focus on basic research, applied basic research, and national strategic scientific and technological tasks; Increase efforts to tackle key core technologies, study relevant policies to support the development of advanced manufacturing industry, and create a modern industrial system. ——Strengthen the basic protection of the bottom line and effectively ensure and improve people's livelihoods. Promote the employment and entrepreneurship of young people such as college graduates, and encourage enterprises to absorb employment. Ensure that there are no issues with the "three guarantees" at the grassroots level. We will continue to ensure people's livelihoods through compulsory education, basic medical care, and basic housing, strengthen assistance and assistance to people in need, support flood prevention and drought relief work, and continuously weave and strengthen a safety net for people's livelihoods. The person in charge also introduced that since the beginning of this year, the Ministry of Finance has actively implemented the employment priority strategy, fully played the role of finance, optimized the employment and entrepreneurship security policies for key groups, and ensured the overall stability of employment. This year, the central government allocated 66.76 billion yuan in employment subsidies to support various regions in implementing employment and entrepreneurship support policies such as social insurance subsidies and public welfare job subsidies. At the same time, we will continue to implement policies such as phased reductions in unemployment and work-related injury insurance rates. (New News Agency)