The minister further said the government will target a revenue of .4 billion through its tourism sector this year.
The meeting, which comes on the heels of a phone conversation between President Xi Jinping and Merkel last week, again fully indicated the political mutual trust and close cooperative relations between the two countries, Hua said.
The ministry received a joint application demanding an inquiry from domestic producers, who accused foreign manufacturers of dumping the products on the Chinese market at prices below the fair value, according to an official statement.
The meeting was established in 2006. Xi spoke highly of its role in promoting ties.
The medical sector rebounded after days of sharp corrections. Jiangsu Hengrui Medicine, a large-cap pharmaceutical firm, jumped 7.04 percent.
The ministry will motivate some companies to revamp their plants to produce protective suits, and ensure the supply of key raw materials needed to make medical equipment.
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The massive bridge strengthens exchange and communication between people on both sides of Taiwan Strait and promote cooperation between them in various fields, according to Yu.
The measures will cover the liberalization, facilitation, promotion and protection of investment, and will also include improving regional opening-up, as well as promoting innovation in national development zones.
The ministry said it will advance 5G network construction, promote 5G application to boost the consumption of smart terminals.
The meeting suggested the draft foreign investment law be deliberated at the legislative session.