The measures came as home buyers across the country have flocked to Sanya, which features warm tropical climate and clean air. In March, house prices in Sanya grew 2.3 percent month-on-month.
The metropolis continued to be a hotbed attracting key foreign investment projects. The metropolis saw 1,500 new product debuts from 300 brands during the May 5 shopping festival spanning May and June. Foreign retailers ranging from L'Oreal to Lego all made global debuts of their offerings during the occasion.
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 ministry said in a statement that the government will encourage companies to increase imports of goods including automobile, aquatic products and soybeans from other markets.
The ministry will step up supervision over the use of the funds to ensure they are not withheld or diverted for non-designated uses, Wang said.
The meeting also underscored the pressing need to intensify support for low-income groups, especially those living in difficult circumstances.
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The meeting emphasized continual implementation of proactive fiscal policy and prudent monetary policy, and economic adjustments will be more forward-looking, targeted and effective.
The ministry said logistics, courier companies and internet-enabled transportation enterprises will be encouraged to take the lead in resuming operations by fully leveraging the new-generation information and communication technologies.
The market's main gauge of volatility, the CBOE Volatility Index, rose 5.73 to 33.46 on Thursday, about three times the average level of the past year.
The mid-priced piece of technology, titled Inspiron, received an entire overhaul – inside and out – to tap into the back-to-school market. The 27-inch model now stands more premium than the existing version, with a new thin-bezel display. The latest Inspiron can be bought from 8,999 yuan (,325) in China.