The nation should take advantage of the strength of the socialist system to form a mechanism for breakthroughs in technologies in crucial sectors and let scientists and entrepreneurs take the initiative, the statement said.
The move came after additional tariffs on billion worth of Chinese imports went into effect on July 6.
The move is for defensive purposes, not a response to any new threat from Iran, said the report. And it remains unclear if the White House will greenlight the proposal.
The nation also established the world's largest 5G test field in Beijing's Huairou district, where domestic firms and a string of foreign tech companies are participating in China's third phase of 5G tests.
The move will be carried out in partnership with Huadian Fuxin Energy Limited Company, Zhejiang Zheneng Electric Power Co Ltd, Shenhua Group and Jointo Energy Investment Co Ltd Hebei, the CNNP said in a statement with the Shanghai Stock Exchange.
The morale-boosting mission is now on indefinite hold and the fleet of Tutor jets has been placed on operational pause.
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The move will also better serve the country's overall diplomatic structure and the efforts to jointly build the Belt and Road, the plan says.
The ministry's comments came after the Bureau of Industry and Security under the US Department of Commerce announced new rules earlier this week that will toughen up the export of certain high-tech technologies to importers in China as it worries that Chinese users might transfer them into military use.
The mobs also repeatedly attacked bystanders with Sunday seeing at least three cases of rioters beating innocent people, the police said.
The most detailed evidence against Guzman came from more than a dozen former associates who struck deals to cooperate with US prosecutors.