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The middle- and high-end health insurance sector will become the investment priority for foreign insurers. [Photo/VCG]

The metric was used to reflect the job market and serve as a supplement to the registered urban unemployment rate.

The ministry made the remark as President Xi Jinping and Indian Prime Minister Narendra Modi prepared to hold an informal meeting in Wuhan, Hubei province, on Friday and Saturday. The two leaders are expected to discuss global issues and exchange views on the overall, long-term and strategic issues of China-India relations.

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The ministry said in the statement that the SOE profits have grown at "steady and relatively fast" rates, noting that profits were 6.6 percentage points higher than that of revenues.

The measures will be critical for China to sustain its economic recovery, given that weak demand has become a major drag on growth momentum, as shown by weakening nonfood prices, analysts said.

The measures have controlled the social situation and religious extremism is effectively contained. More importantly, people are now feeling more secure, Shohrat Zakir, chairman of the regional government, said on many public occasions this year.

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The markets, however, quickly turned lower, with analysts saying that neither China hope nor Italy relief was enough for Wall Street gains to sustain.

The meeting of the State Council Financial Stability and Development Commission, the country's Cabinetlevel financial regulatory body, was chaired by Vice-Premier Liu He on Saturday.

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The ministry also hopes map apps will highlight the locations of traffic police stations and vehicle administration offices as well as locations where drivers can process minor traffic accidents.

The ministry made the remarks after the US government decided to ban US investments on Nov 12 in Chinese companies that it claimed are linked to the Chinese military.