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The meeting, which was separated into a major session and five sub-sessions on five specific themes, attracted many renowned scholars, representatives from companies and other industrial leaders to give special lectures and reports.

The measure is to take effect at 8 pm Thursday local time (24:00 GMT) and remain in effect until further notice.

The meeting encouraged technology-driven SMEs to go public, as a way to reduce their financing costs. It also reinforced the principle of protecting SME property rights and intellectual property, saying those will be improved, according to the statement.

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The military has been acting with "great restraint" regarding India's incursion into China's Donglang (Doklam) area, and strongly demands India to immediately withdraw its border troops, Defense Ministry said.

The measures reduced the labor costs of enterprises and ensured the stability of employment, said Cai Zili, an official with the administration.

The meeting also decided on steps to expand the use of intellectual property pledge financing and credit issuance for the manufacturing sector to support innovation, entrepreneurship and manufacturing upgrading. Banks will be guided to formulate separate lending plans and evaluation mechanisms for intellectual property pledge loans.

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The meeting called for boosting domestic demand as a matter of strategy and taking steps to drive consumption.

The ministry has made it clear that for companies that abide by Chinese laws and regulations, market rules and the spirit of contract, there is no need to worry.

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The ministry has advanced poverty alleviation with greater input of science and technology as well as human resources, Xu Nanping, vice-minister of science and technology, said at a news conference in Beijing on Wednesday.

The mechanism of the two countries foreign ministers meeting is "an important channel" for them to communicate, improve trust, and coordinate and cooperate to address issues they care about, the professor said.