A regulation covering foreigners entering and leaving China was passed at Wednesday's State Council meeting.

The regulation will facilitate trade and investment, boost tourism and help attract talent that the country needs, according to a statement released after the meeting.

The regulation, details of which are not known, is believed to be supplementary to the Exit and Entry Administration Law, which took effect on Monday.

The meeting also concluded that central government departments should rectify problems revealed by the National Audit Office last week and cut unnecessary public expenses.

On June 27, the audit office submitted the 2012 audit report to the top legislature. This stated that nearly 5.8 billion yuan ($943 million) allocated for low-income housing projects was embezzled last year.

The problems must be rectified quickly and in a comprehensive and transparent manner, as they are related to the government's image, the meeting decided.

Departments should also improve efficiency in the use of idle funds and spend public funds in key areas, according to the meeting.