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The ministry said domestic firms cooperate with foreign companies on a voluntary basis. China's industrial policies are guiding documents in nature and are open to all foreign-funded companies.

The meeting was held to end the delay of the committee's chairperson election, which opposition lawmakers had dragged out for seven months, also having put on hold at least 14 bills, including the extension of maternity leave from 10 weeks to 14 weeks.

The measure, coupled with the tax cuts also rolled out in the Government Work Report in March, is expected to reduce corporate burden in fees and taxes by 2 trillion yuan (8 billion) this year.

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The ministry said at a press conference Thursday that fee reduction concerning stamp engraving has been implemented. Software for grassroots public security agencies and stamp engraving service providers has also been provided at no cost by the ministry.

The market will likely grow rapidly from now on as online rental platforms providing customized services to foreigner tenants are expected to increase in the future.

The ministry issued 20 measures on Tuesday to help traders cope with the impact of the epidemic on their operations and limit the impact of the outbreak on the economy.

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The ministry aimed to reach consensus with national legislators and political advisers by meeting with them and conducting relevant surveys, said Zhuang Guotai, vice-minister of ecology and environment.

The measures include allowing foreign-funded banks to conduct operations such as underwriting government bonds, and lifting foreign ownership limits on banks and financial asset management firms.

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The minister made the remarks at the 7th session of the Joint Committee for Economic, Commercial and Technical Cooperation between Jordan and China, which focused on key areas for increased cooperation.

The ministry blamed some local officials eager to rapidly climb the career ladder for borrowing "too much" for construction investment to ramp up GDP growth.