The meeting also decided to intensify pilot regional financial reforms to enhance the role of finance in supporting reform, opening-up and economic development.
The military spending was part of a 2-billion national budget for the fiscal year starting in April 2019, approved by Prime Minister Shinzo Abe's cabinet.
The medical supplies, jointly donated by organizations including Shenzhen Foundation for International Exchange and Cooperation and Shenzhen Social Organization Federation, will be sent to virus-battered cities such as Milan, Turin, Busan and Bern.
The ministry called for the fulfillment of the remaining 20 percent in October. In the first half, only 367.3 billion yuan in special bonds were issued, less than 50 percent of the annual quota, according to data from the ministry.
The meeting also approved some supportive measures, including tax reductions for small companies and new majors to be offered by vocational colleges.
The ministry has taken measures to help companies and workers get through the current tough period.
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The meeting also called for full appreciation of the complexity and severity of the current situation and close monitoring of the evolving dynamics of the global COVID-19 and economic situations.
The meeting has called for better enforcement and explanation of the Constitution and ensuring laws and regulations are in line with the Constitution, he said at a news conference.
The ministry pledged more measures to promote the digitalization of traditional industries and ensure the high-quality growth of the e-commerce sector.
The meeting also put forward carrying out divergent credit policies and encouraging the increase of medium- and long-term loan in the industry. Stock rights, investment, bond financing were encouraged to further lean to the manufacturing industry as well.