The maximum loan ratio for self-use new energy cars is 85 percent, and that for commercial-use is set at 75 percent.
The ministry said the technology could be applied to the industrial internet and urban public services.
The ministry will also take more measures to ensure the implementation of favorable policies designed to support small and medium-sized enterprises, Miao said.
The ministry has sent notices to 10 provincial-level governments ordering them to punish illegal borrowing activities.
The ministry issued a detailed action plan saying that Chinese universities should have optimized systems that fit both scientific innovation, especially new-generation AI development and disciplinary growth, by 2020. By 2030, they will be the core of the world's main AI innovation centers, capable of providing China with technical support and professionals. The plan asks for interdisciplinary links of AI with subjects like computer science, mathematics, physics, psychology and sociology. It also calls for strengthened fundamental research, the establishment of more AI centers, a high-level think tank as well as international cooperation.
The meeting of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee urged an all-out drive to wrap up the 13th Five-Year Plan and ensure that the goal of building a moderately prosperous society in all respects will be reached.
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The market response was surprisingly good. "Some customers lined up hours just for a bite of our tofu," she said.
The ministry has summoned search engine Baidu Inc, fintech giant Ant Financial Services Group, and Beijing Bytedance Technology Co Ltd, operator of the popular news aggregator Jinri Toutiao, over failure to fully disclose how they collect and use the customer data generated from their mobile applications.
The market size surged from 30.07 billion yuan in 2016 to 254.7 billion yuan in 2018 and is expected to continue the rapid increase at a CAGR of over 30 percent in the next four years.
The meeting showed that both sides have reached "basic consensus" over how to solve the Korean Peninsula nuclear issue, which is through dialogue and consultation, Ruan said.