The market still appears to be digesting the foreign buyers tax, according to Henderson. "We think a number of people sitting on the sidelines just want to make sure that there are no additional policies coming down the pipe or that this is going to have an adverse effect on the market."
The meeting chaired by Premier Li Keqiang Tuesday called for better use of fiscal and financial policies to inspire enterprises to enhance their input on research and development (R&D).
The ministry criticized Moody's failure to give enough weight to reforms. China has made much headway in economic restructuring, with a focus on reduction of excessive production capacity and cutting corporate and government debt. It has also seen higher-than-expected year-on-year GDP growth of 6.9 percent in the first quarter of 2017, firming market expectations that it will meet its GDP growth target of about 6.5 percent this year.
The meeting was co-chaired by visiting Chinese State Councilor Guo Shengkun, also minister of public security, US Attorney General Jeff Sessions and Acting Secretary for Homeland Security Elaine Duke.
The minister said China is the largest source of tourists to Cambodia and he attributed the steady growth of Chinese tourists to Cambodia to the comprehensive strategic partnership of cooperation that the two countries forged in 2010.
The ministry alluded to the impact TV celebrities have on young people in the guidelines.
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The meeting welcomes people of any social status and identity who will be treated equally through diverse forms of cultural exchanges, including Chan (Zen Buddhism), martial arts and medicine, Zou said.
The ministry required its departments to step up law enforcement in commercial buildings and punish violations by service providers.
The ministry plans to encourage veteran soldiers to receive academic education and better implement supporting policies including providing free education and training. [Photo/Xinhua]
The ministry also said it will increase efforts on crackdown online crimes, strike fake websites committing illegal activities in the name of central authorities.