The meeting held by the State Council's Office of Financial Stability and Development Committee on Saturday urged a stronger countercyclical role for China's macroeconomic policies and greater effort to improve the transmission of the monetary policy in the economy.
The meeting is part of the American Technology Council, a group formed by executive order in May to help government agencies modernize their digital services. It is run by former Microsoft and General Motors CFO Chris Liddell, who will is involved in Monday’s meeting with the tech CEOs. The organization is overseen by Jared Kushner, the president’s son-in-law and a key advisor in the administration.
The mechanism regarding qualified overseas investors will be expanded. This will encourage such investors to participate in futures trading of crude oil and iron ore and provide more support to foreign-invested financial institutions in underwriting local government bonds.
The ministry "will intensify supervision and control of pesticides and veterinary drugs to ensure they are used safely in agricultural production" and it "will ensure the safety of agricultural products at the source", Jin said.
The medicine he had been taking gradually lost its effectiveness and he decided to increase the dose.
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The meeting also decided to speed up the opening of the insurance market and upgrade the insurance sector through fair competition.
The meeting concluded with the issuance of a statement, in which ministers reaffirmed their commitment to effectively mitigate the economic impact of the COVID-19 pandemic and promptly steer the region towards a path of resilient, sustainable and inclusive economic recovery.
The meeting also highlighted the unprecedented challenges in economic growth, saying that difficulties, risks and uncertainties must be fully reckoned with.
The ministry said a gas cylinder explosion led to the casualties of a team of firemen and other personnel employed to identify anyone trapped.