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The members of the alliance - Cross-border Import E-commerce Alliance, Large Retail Purchaser Alliance, Integrated Trade Service Provider Alliance and Exhibition and Trade Service Alliance - announced their proposals at a news conference hosted by the Shanghai government on Thursday.

The median market forecast was for a 4.6% contraction in the first quarter.

The meeting called for efforts to support innovation and business startups through tax and fee cuts as well as loans and subsidies, among other policies.

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The minister called for efforts to promote high-quality development of cities in 2021, transforming development and construction methods to improve the structure, functions and qualities of cities, as well as deepening a new type of urbanization that puts people first, while building livable, green, resilient, smart and cultural cities.

The ministerial meetings will be held between Japanese Economic Revitalization Minister Toshimitsu Motegi and US Trade Representative Robert Lighthizer.

The meeting of the leading group of the Communist Party of China Central Committee on coping with the novel coronavirus pneumonia outbreak underlined the importance of ensuring the basic standard of living for poor people.

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The measures would include further encouraging the mixed ownership reform and introducing new operational mechanisms for SOEs, and offering a more relaxed regulatory environment from the government, said Ma Jun, director at the Enterprise Research Institute under Development Research Center of the State Council.

The meeting is part of the American Technology Council, a group formed by executive order in May to help government agencies modernize their digital services. It is run by former Microsoft and General Motors CFO Chris Liddell, who will is involved in Monday’s meeting with the tech CEOs. The organization is overseen by Jared Kushner, the president’s son-in-law and a key advisor in the administration.

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The ministry will further standardize the transparency of trust in charitable organizations and mobilize and guide more social forces to participate in poverty alleviation, he said.

The merged entity, which will be temporarily named National Energy Investment Corp, will likely have a debt ratio of more than 60 percent, Guan was quoted as saying at the 11th China New Energy International Forum last week.