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The mining sector lost 7,000 jobs.

The merged entity is expected to have around 200 million users. Prior to the merger, the companies have processed more than 500 million deals in 2017, grossing more than 100 billion yuan (.4 billion) in turnover.

The mediator must be kind, experienced in mediation, have a certain level of education and knowledge of policy and law, and have received awards from Party committees, governments above county level or relevant departments.

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The merger is in line with the country's effort to push restructuring in state-owned companies. During the past five years, 34 central SOEs were reorganized to improve competitiveness, according to Xiao.

The ministry will expand the construction to more regions, support more agricultural entities, and cover more products amid efforts to improve the weak links of the farm produce supply chain and the agricultural industry chain.

The ministry will step up cooperation with both State-owned and private companies, organize regional job fairs for veterans, and set up information platforms to share job posts.

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The meeting decided to further lower the tax burden on low- and medium-income groups. It passed a temporary decision to exempt those whose aggregate annual income is no higher than 120,000 yuan within a period of two years from the obligation to declare the settlement and payment of individual income taxes.

The meeting was attended by ministers of finance and industry as well as executives from Stock Exchange of Thailand, Securities and Federation of Thai Industries.

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The ministry said in a press release that tech giant Baidu and ByteDance, which owns news aggregator Jinri Toutiao and streaming platform Douyin, have made use of their technologies to help identify homeless people in a bid to reconnect them with their families.

The ministry vowed to continue crackdown on illegal fundraising and safeguard the legitimate rights and interests of the people.