The meeting also was a chance for the countries to "bridge the communication gap and lay the groundwork to an economic and strategic grand bargain including cooperation in key areas, such as opening China's service sector, facilitating US exports to China and Chinese investment in US infrastructure, as well as strengthening geopolitical stability within the region," Xing said in a research note.
The measure, which the Joint Committee on Taxation estimates will cost 4 billion, is the second package that Congress has passed amid growing concerns about the widespread coronavirus that already has bludgeoned the economy.
The market, which had included a quarter-point cut in its outlook, fell on the news that future cuts were not assured. The Dow Jones Industrial Average closed Wednesday at 26,864.27, down 333.75 points, or 1.23 percent.
The ministry sent 28 teams to 28 major cities, including Beijing and Tianjin and others in Hebei, Henan, Shandong, and Shanxi provinces, to inspect the companies, making it the ministry's largest scale inspection.
The ministry also encouraged students to read more books and experience different aspects of life by volunteering.
The ministry said it planned to encourage about another 1 million enterprises to move their businesses to the cloud by 2020.
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The meeting room inside the Peace House in the Panmunjom Joint Security Area, where the inter-Korean summit will be held April 27. The room has a table that measures 2018 mm, and a picture of Mount Kumgang in the background. [Photo/Agencies]
The ministry will disclose more details regarding the list in the near future, Gao said.
The meeting called for promoting reform of the loan prime rate procedure, the representative lending rate to prime corporate borrowers, and the further reduction of real lending rates.
The market volume of third-party mobile payment increased by 95.4 percent year-on-year to 27.1 trillion yuan (.1 trillion) in the second quarter of 2017, according to a report issued by the Beijing-based iResearch Consulting Group in October.