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The meeting also called for further efforts to achieve the "Two Centenary Goals" of finishing building a moderately prosperous society in all respects by the time the CPC celebrates its centenary in 2021, and turning China into a modern socialist country that is prosperous, strong, democratic, culturally advanced, and harmonious by the time the People's Republic of China celebrates its centenary in 2049.

The measures were jointly announced by the Organization Department of the Central Committee of the Communist Party of China and several government agencies.

The meeting heard a report on delivery of the policies regarding accessible and affordable financing for micro and small businesses. "All departments are encouraged to take a multipronged approach, and we must waste no time in helping small companies tackle their liquidity difficulties," Li said. "No loans extended should be willfully withdrawn."

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The ministry also predicted that the country's industrial output is likely to grow by around 6 percent next year, with revenue from the telecommunications, internet, and software and information technology service sectors increasing by 50 percent, 30 percent and 13 percent, respectively.

The massive power of technology companies has been a hot topic among politicians. The most recent example was Sen.?Elizabeth Warren’s proposed changes to how big tech companies like Amazon and Facebook do business.

The minister will also meet senior local government officials to confirm New Zealand's interest in expanding education links with Guangdong Province.

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The ministry said that an area being emphasized is protection of the rights of unemployed college graduates. It said that during the campaign, any wrongdoing such as fraud would not be tolerated and unqualified agencies would be banned. Lectures on interpreting labor rights protections will be open to the graduates.

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.

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The ministry said it will support smartphone manufacturers to strengthen research, development and innovation in a bid to provide consumers with various types of cost-effective 5G mobile phones and bolster the consumption of 5G phones through optimizing 5G package services and lowering data plan fees.

The meeting urged acceleration in issuance and use of special local government bonds. New additional bonds quota for the next year can be delivered ahead of the original schedule.