The benchmark Shanghai Composite Index fell by 2.00 percent to 2768.02 points, with military, environmental engineering and communication equipment shares leading the decline.
The average tariff rate for cultured and fished aquatic products and processed food such as mineral water will be cut from 15.2 percent to 6.9 percent, according to a statement released after the meeting.
The behavior of the president -- who was hospitalized on Friday with Covid-19 and discharged on Monday -- is under scrutiny as the number of positive cases continues to rise among people working at the White House.
The average price of beer in China has gone up sharply as consumers demand higher-quality products, boosting sales for medium - and high-end beers, according to industry observers.
The association said the figures came in better than expected as measures to boost car consumption continued to prop up the market.
The authorities should make sure people hit by the floods get resettled, that epidemics don't occur in disaster-hit areas and that students can start their new semesters as planned, the State Council said.
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The association estimated 1.7 million new energy vehicles will be sold this year, up from 1.2 million last year.
The authorities gave early approval to the reopening of "poverty relief factories and workshops", which employ a large percentage of impoverished migrant workers. China also devised a "point-to-point" transportation program to carry migrant workers back to jobs on chartered trains or buses to avoid infection risks during travel.
The automotive industry in China has also grown along the way. Forty years ago, passenger cars were mainly allocated to government offices and few people had the opportunity to own a car. Now, China has become the largest automotive market in the world for nine consecutive years, with more than the half of the vehicles sold being Chinese local brands.
The bank also launched a mandatory e-learning program on Tuesday for employees to receive anti-corruption training anytime from anywhere. It will further develop specialized training on how to recognize warning signs in procurement and will roll out training on integrity due diligence.