The meeting urged local governments to give priority to supporting small and medium-sized banks that are capable of sustainable market-based operations.
The meeting between President Xi Jinping and US President Donald Trump over the weekend "bought valuable, though limited, time for themselves and the world", he said.
The meeting called for efforts to release demand in the domestic market, resume the operation of malls and markets in an orderly way, and ensure normal operation of the service sector, with effective prevention and control measures in place.
The market turbulence prompted the securities regulator and lawmakers to suspend the launch of the registration-based IPO system as they worried that the market would face greater pressure from a possible increase of new IPOs.
The military has also deployed troops in Kampala to fight crimes.
The ministry also urged efforts to accelerate digitalization among those firms to nurture new drivers for the economy, and further improve the construction of the public service system.
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The ministry said on its website that the decision was "perplexing" as the downgrade came while China's economic growth had gained a firmer footing with improving quality as the country continues to push supply-side structural reform.
The ministry believes the post-merger conglomerate will control nearly 40 percent of China's weed killer market, 75 percent for acid copolymers and 100 percent for ionomers. The proportions are similar globally.
The minister voiced appreciation for China's support to Jordan and for implementing energy projects in the kingdom.
The material will be shipped to overseas markets soon and the deal can be seen as a symbol that the country is able to scramble for market share with rivals in Canada, Russia and the United States.