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The measures identified at the meeting on Wednesday are the most recent moves for fee reductions following the lowering of the social insurance contribution rate. Full delivery of these measures is expected to lighten the fee burden on companies and individuals by more than 300 billion yuan in 2019.

The ministry has sent 3,000 tents, 5,000 folding beds and other supplies to flood-hit regions.

The meeting urged further overhauling of business-related charges. Discriminatory practices on market access and industrial subsidies on the grounds of ownership structure will be removed to promote impartial oversight. The practice of precommitment compliance will be fully rolled out.

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The mechanism for institutional investors to participate in corporate governance will be enhanced, and guidelines on internal controls will be widely applied. Information transparency and disclosure will be improved.

The measures were decided at an executive meeting of the Cabinet presided over by Premier Li Keqiang on Wednesday. According to a statement released after the meeting, earnings from the sectors will be exempted from value-added tax and enjoy a 10-percent reduction in taxable income between June 1 and the end of 2025. Those providing real estate or land for any related services will be exempted from deed tax, property tax, urban land use tax and six types of fees, including real estate registration fees.

The ministry will further stimulate domestic consumption this year, with measures to promote urban consumption upgrades, tap into the potential in rural areas, foster modern supply chains, and bolster services consumption.

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The ministry said that quality travel services were also available to travelers during the holiday.

The ministers agreed to strengthen mutual trust in military affairs, conduct more exchanges and deepen pragmatic cooperation in an effort to build a community of common destiny and a fair, and stable multipolar world, according to the statement.

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The ministry also urged education authorities nationwide to set up a regular supervision mechanism and improve the accountability system to punish those involved in child abuse.

The meeting, organized by the International Department of the Central Committee of the CPC, is being held through Sunday.