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China will cut VAT rates as part of a tax reduction package amounting to 400 billion yuan (.6 billion) this year, according to a decision made at a State Council executive meeting Wednesday.
China's AI market is expected to reach 96 billion yuan (.9 billion) this year, according to a report by Economic Information Daily.
China's A-share market has recovered a bit since the beginning of this year following corrections last year, with the benchmark Shanghai Composite Index up 2.5 percent as of the closing on Tuesday from the first trading day of 2019.
China's central bank announced in August a plan to reform the LPR mechanism to better reflect market changes in its latest move to guide borrowing costs lower to support the real economy.
China's "growth in the first quarter has surprised almost across the whole range of indicators," Markus Rodlauer, deputy director of the IMF's Asia Pacific Department, told Xinhua at a press briefing.
来源：资阳报