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The ministry has also said passenger traffic coming from 107 immigration check posts will also remain suspended till May 3.

The meeting held by the State Council's Office of Financial Stability and Development Committee on Saturday urged a stronger countercyclical role for China's macroeconomic policies and greater effort to improve the transmission of the monetary policy in the economy.

The ministers also approved a series of policies to support industrial production, focusing on encouraging industrial cluster development, advanced supply chains and industrial zone construction, as well as improving logistics service, Zhang said. That will strengthen industrial connections in the region over the long term, he said.

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The meeting decided to extend the success of such zones to more cities with good infrastructure and strong trade and e-commerce development potential. The State Council set up the original initiative in Hangzhou in 2015 before it was expanded to another 12 cities, including Shanghai, Tianjin and Chongqing, starting in early 2016.

The meeting also was a chance for the countries to "bridge the communication gap and lay the groundwork to an economic and strategic grand bargain including cooperation in key areas, such as opening China's service sector, facilitating US exports to China and Chinese investment in US infrastructure, as well as strengthening geopolitical stability within the region," Xing said in a research note.

The meeting, which is also known as the P2P Dialogue, will cover 10 policy strands. The subjects that will be talked about are: health, education, culture and creative industries, science and innovation, tourism, sport, issues affecting young people, regional cooperation, issues impacting women, and social equity.

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The market size of China's industrial internet sector will hit 10.8 trillion yuan (.64 trillion) in 2025, according to Qianzhan Industry Research Institute, which did not disclose the figure for 2017.

The meeting on Wednesday decided to enhance the support to the innovation of SMEs and micro enterprises with more targeted measures. One-stop investment and financing information service for small and medium-sized enterprises would be made available nationwide. That would include a pledge for patent rights associated with loans, insurance and risk compensation.

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The measures include loan interest rate cuts of at least 0.25 percentage point off the benchmark prime rate for the duration of the outbreak, as well as extended repayment periods, rent reductions and deferment of tax payments to ameliorate potential capital shortages.

The meeting, presided over by Premier Li Keqiang, also said other measures will be carried out to increase the benefits for cancer patients and their families.