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China's central bank announced a plan to reform the LPR mechanism in August 2019 to better reflect market changes in its latest move to reduce borrowing costs to support the real economy. So far, nearly 90 percent of new loans have adopted the LPR benchmark.

China's IT service sector has been gradually evolving from labor intensive oriented to technology intensive oriented, said Zhang Dongwei, senior vice president and chief marketing officer of Pactera Technology International Ltd, a Beijing-based global digital and IT services provider.

China will press to strengthen medical partnerships and arrange closer ties between top-tier hospitals and grassroots medical services to provide better health management and care for urban and rural residents.

China will further regulate the management of microcredit for poverty alleviation as part of efforts to win the tough battle against poverty, according to a notice published on Thursday.

China's AI market scale reached 23.74 billion yuan (.46 billion) in 2017, up 67 percent year-on-year. Computer vision, with its core technologies such as image and video identification, had the largest market scale — 82.8 billion yuan last year, accounting for 34.9 percent of the total.