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The market-oriented benchmark lending rate, the loan prime rate, should decide the real price of loans for small and micro firms, meaning interest rates will be diversified depending on the risk premium, said analysts, who expect policymakers to provide specific support for smaller businesses to stabilize employment.

The menu in Beijing features all the crowd-pleasing favorites including the signature burger made from fresh Angus beef that is free from hormones and antibiotics; Flat-Top Dogs, which use imported beef; antibiotic-free Chick'n Shack chicken sandwiches; as well as the meat-free 'Shroom Burger made from crisp-fried portobello mushrooms.

The member states will remain committed to keeping the ASEAN market open for trade and investment, and will strengthen regional information sharing and coordination as well as collaboration in responding to the economic challenges posed by the outbreak, said the statement.

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The ministry urged local authorities to analyze the impact of the possible flood and relocate people in areas that could be affected. People are not allowed to return by themselves until risks are eliminated.

The mechanism would include tax benefits, which were already been implemented, and many others in pipeline.

The measures came as soaring property prices have made housing affordability a growing problem for policy makers. Since last year, dozens of local governments have passed or expanded restrictions on house purchases and increased minimum downpayments.

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The mechanism will see the central government increase transfer payments to local governments, and arrange for transfer payments from government-managed funds, according to a statement released after the meeting.

The market was also been cooled by relatively tightened liquidity conditions in China as the government moved to contain leverage and risk, with asset bubbles highlighted.

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The ministry said the potential for used vehicle exports from China is "huge", saying that in most developed markets exports account for roughly 10 percent of used vehicle sales.

The military parade, followed by a mass pageant with themed floats, will be a grand celebration on Oct 1 attended by Party and State leaders and members of the public, said Wang Xiaohui, executive deputy head of the Publicity Department of the CPC Central Committee.