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The ministry also asked high-level art troupes in colleges to cancel the preferential policy of lowering academic admission requirements for "a very few examinees with outstanding performance in art troupe tests".

The ministry called for proactive steps to reduce and prevent dust at construction sites.

The market was not surprised by the US Federal Reserve's quarter-point interest rate cut on Wednesday, the second cut in two months, to ease the disruption of the continuing US-China trade dispute and offset the weight of a global economic slowdown.

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The measures include value-added tax exemption policy and simplified declaration process for small-scale border trade exports at pilot areas, and properly increasing amounts of local government bonds in border areas, to support infrastructure construction in border (cross-border) economic cooperation zones and key development and opening-up pilot zones.

The meeting, presided over by Xi Jinping, general secretary of the CPC Central Committee, approved the draft resolutions on the report of the 18th CPC Central Committee, the work report of the Central Commission for Discipline Inspection and the amendment to the Constitution of the CPC.

The meeting was attended by over 500 officials, scholars and businesspeople in this sector.

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The measure is to take effect at 8 pm Thursday local time (24:00 GMT) and remain in effect until further notice.

The market value of the companies totals 7.85 trillion yuan (.24 trillion), Citic Securities said. Assuming its issue at 10 percent of market value, the market size of the first pilot CDR will be roughly 785 billion yuan.

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The meeting was also attended by Li Keqiang and Liu Yunshan, members of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and deputy heads of the group.

The metropolis imported 1.01 million tons of dairy products, up 15.9 percent year-on-year, accounting for 36.3 percent of the national total.