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The measures will help curb further increases in lending rates while easing financing strains to some extent.

The meeting also decided to promote public fitness and sports consumption by building and opening more public sports facilities, developing more fitness products and encouraging social forces to hold sports activities and invest in sports facilities.

The market research company iiMedia Research said China's third-tier cities and below have become a new growth point for the food delivery industry. In the first half of 2019, the proportion of new customers in the food delivery industry in the third-tier cities and below exceeded 44 percent.

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The meeting, which is also known as the P2P Dialogue, will cover 10 policy strands. The subjects that will be talked about are: health, education, culture and creative industries, science and innovation, tourism, sport, issues affecting young people, regional cooperation, issues impacting women, and social equity.

The migrants have traveled through Mexico in large groups, or caravans. There are more than 7,000 at the US border in Tijuana and the city of Mexicali, with more than 800 others still moving toward the border.

The meeting of the Political Bureau of the CPC Central Committee, chaired by General Secretary Xi Jinping, reviewed a blueprint of the rural vitalization strategy (2018-22) and another guideline of the three-year action plan on winning the battle against poverty.

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The meeting was also the latest move adopted by the central government to promote this form of finance.

The meeting highlighted the importance of ensuring good quality drugs and medical equipment. The drug approval system should be improved to enhance innovation and research capabilities of medical businesses.

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The meeting is also expected to further affirm African countries' participation in the construction of the Belt and Road Initiative, giving an impetus to China-Africa cooperation, he said.

The minimum threshold for personal income tax rose from 3,500 yuan to 5,000 yuan per month, or 60,000 yuan per year, on Oct 1. Under the new model, those with monthly salaries ranging from 5,000 yuan to 20,000 yuan saw their tax bill drop by over 50 percent. Those with monthly salaries ranging from 20,000 yuan to 80,000 yuan pay 10 percent to 50 percent less than before.