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The draft law was submitted for deliberation at the 19th session of the Standing Committee of the 13th National People's Congress from June 18 to 20.

The projects are expected to increase the storage capacity for flood control by 9 billion cubic meters and the annual water supply capacity by 42 billion cubic meters, said Su Wei, an official with the NDRC at a briefing.

The Wednesday meeting required full delivery of all fee-cutting steps introduced this year. The policy of reducing electricity prices for general industrial and commercial businesses by 5 percent, and reducing or canceling civil aviation development fund contributions and port development fees will be extended to the end of this year. The rates for broadband and dedicated internet access services will be cut by 15 percent on average. Together with the fee cuts made in the first half of this year, these measures will save enterprises over 310 billion yuan (about 43.7 billion U.S. dollars) for the whole year.

Therefore, on the premise of ensuring the safety of epidemic prevention, Wang said the two countries should ensure smooth passage of people and materials needed for key cooperation projects, expand bilateral trade, and tap potential for cooperation in areas such as medical and health care as well as traditional Chinese medicine, so as to jointly build a community of common health for mankind.

Bond funds are strictly prohibited from replacing outstanding debt or image projects that waste both human and financial resources, the meeting stressed.