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The maximum loan ratio for used car purchases has been raised by 20 percent to 70 percent.

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 ministry said the measures are in response to the US decision this month to reduce by 40 percent the number of Chinese nationals working for five Chinese media outlets in the US, which were designated "foreign missions" by the US State Department in February.

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The ministry said the agreement aims to further reduce non-tariff trade barriers, improve trade facilitation, while creating a favorable environment for industrial development and boosting China's economic and trade relations with Eurasian Economic Union and its member countries.

The ministry also aims to promote cooperation between telecom companies and industrial enterprises so the latter can make better use of 5G technologies to upgrade their private industrial network.

The ministry said pyramid schemes have become increasingly elusive, deceptive and sophisticated. It promised to keep cracking down on these scams and advise the public to invest carefully and responsibly.

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The ministry reminded the public to protect themselves against the coronavirus and avoid traffic peak. It also warned against the use of fire in the wild in regions prone to forest fires.

The ministry released a notice on Friday, reiterating the resolution to stabilize foreign trade and investment as the COVID-19 pandemic has posed severe challenges to the global economy.

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The ministry made the remark after top trade negotiators from both countries agreed over the phone on Saturday to keep communication channels open following "constructive" discussions on each other's core concerns for the phase-one deal.

The ministry will also strengthen controls on raw materials and apply information technology in an effort to improve safety controls at the source to nip potential risks in the bud, he said.