It was decided at the meeting that more efforts will be made to slash or cancel fees paid by enterprises, including operational and service fees and fees charged by sectoral associations and chambers of commerce. Costs for customs clearance will be lowered.
It will continue to deepen reform of the financial system and improve the "two-pillar" policy framework, which includes monetary policy and macro-prudential policy, and further improve the transmission mechanism of monetary policies, the statement said.
It will also allow Hon Hai to fully leverage the best talent, capital and market potential to build an industrial internet ecosystem and grow its presence in the Chinese mainland, the United States, Japan, Europe and other markets internationally.
It was the second time the State Council had convened an executive meeting to outline steps to implement the RCEP, which was signed after eight years of negotiations.
It was agreed at the Wednesday meeting that the strategy of bolstering domestic demands will be firmly implemented. Auto consumption will be stabilized and expanded. Local authorities are encouraged to finetune restrictive measures regarding car purchasing, and raise the ceiling of license plate quota.
It was reconfirmed, the statement said, that the show of force and stronger sanctions failed in the past to discourage the DPRK from developing its ballistic missile technology.
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It stressed the need to maintain existing poverty alleviation policies for counties, villages and people that have shaken off poverty and to provide timely assistance to newly impoverished people and those returning to poverty.
It will also help lay a solid foundation for global economic recovery based on strong, sustainable, balanced and inclusive growth, the ministry said on its website on Friday.
It will be the world's fastest commercially-used bullet train and will cut travel time between the two cities to 4.5 hours from 6 hours.
It was there on April 27 that Kim and Moon agreed to pursue a permanent peace treaty and the complete denuclearization of their divided peninsula.