The meeting, held for the first time this year, will bring six proposals to the table, which include change of the company's registered capital, modification on the company's articles of association, providing a guarantee for holding subsidiaries, appointing Yang Qing as the supervisor of the third board of supervisors of the company, changing the accounting firm and nominating Wang Lei to be a candidate for the independent director of the third board of the company.
The ministry estimated that pork supply would stay tight in the third quarter, but the situation will ease in the fourth quarter due to increasing supply, and pork prices are unlikely to soar further.
The market share of electric automobiles is expected to reach 30 percent of China's total vehicle sales by 2030, thanks to fast growth momentum due to technological breakthroughs in fuel cells, the car-sharing economy and the younger generation's green lifestyle, industry officials said on Wednesday.
The meeting also called for improved efficiency in registration of intellectual property rights, with more efforts set to be made to encourage online applications through reduced charges and a reduction in the amount of supporting material required.
The meeting passed a decision encouraging insurance companies to lower the burden on the owners of commercial vehicles, ships and aircraft whose operations have been suspended during the outbreak, by way of extending insurance periods and reducing policy renewal fees.
The meeting also decided to cancel 22 administrative approvals, delegated by central government departments to lower levels of government, most of which pertain to enterprise operation, innovation and entrepreneurship.
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The ministry made the remarks after the US government on Nov 12 decided to ban US investments in Chinese companies that it claimed are linked to the Chinese military. The executive order was signed on Thursday, which applies to 31 Chinese companies that it says "enable the development and modernization" of China's military and "directly threaten" US security.
The minister is a member of the delegation that visited China with Russian Prime Minister Dmitry Medvedev to attend the 22nd China-Russia Prime Ministers' Regular Meeting last week.
The ministry encourages scientific research and development in GMO technology, but remains cautious in its commercialization. Commercial promotion efforts will first focus on agricultural species that cannot be eaten, such as cotton, and products used as staple food, including rice and soybeans, will come last, it said.
The middle route of the water diversion project has carried 9.5 billion cubic meters of water each year through canals and pipes from the Danjiangkou reservoir in Central China's Hubei Province to the provinces of Henan and Hebei, as well as to Beijing and Tianjin, since 2014.