The massive expansion of the banks' balance sheets over the past decade has been underpinned by the excess credit growth since 2008. The Chinese government had sought to stimulate the economy with a more proactive monetary stance to cushion the impact of the global financial crisis.
The meeting demand the local government and emergency management departments to inspect on the root of the problems exposed in the blast and rectify carefully to defuse risks in the chemical industry.
The ministry aims to make all townships and villages accessible by bus by the end of 2020.
The meeting, scheduled for Sept 11-16 in Chengdu, capital of Southwest China's Sichuan province, gathered senior tourism officials and senior representatives worldwide to discuss how tourism can contribute to UN Sustainable Development Goals.
The ministry said individuals do not need to pay taxes on the bonds' interest income, and this policy is likely to attract more investors.
The measure will help promote and guarantee personnel exchanges between China and other countries and facilitate the resumption of work, he added.
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The minimum threshold for personal income tax rose from 3,500 yuan to 5,000 yuan per month, or 60,000 yuan per year, on Oct 1. Under the new model, those with monthly salaries ranging from 5,000 yuan to 20,000 yuan saw their tax bill drop by over 50 percent. Those with monthly salaries ranging from 20,000 yuan to 80,000 yuan pay 10 percent to 50 percent less than before.
The meeting also decided to step up the development of innovation centers for manufacturing and technology and to establish a number of public service platforms for entrepreneurship and innovation.
The ministry has launched a special campaign to combat these crimes, such as the production and sale of counterfeit and low-quality agricultural materials, illegal occupation of agricultural land, and polluting the environment.
The meeting to last till Wednesday will bring together trade officials from 164 WTO members to discuss how to optimize the rules of global trade.