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China will set up a special transfer payment mechanism to ensure that newly increased fiscal funds this year will directly benefit businesses and people. A host of related arrangements were given a green light on Tuesday at the State Council's executive meeting, chaired by Premier Li Keqiang.
China's big tech companies have been pouring billions of dollars into AI-based research and development. Internet search giant Baidu Inc was chosen to lead the establishment of the country's AI national laboratory on deep learning in 2017. Self-driving technologies are also important for national development. The Beijing-based tech heavyweight has also ramped up efforts to promote the commercialization of self-driving technology, and fully opened its autonomous taxi service Apollo Go Robotaxi in several cities.
China will push for legislation on preschool education to regulate teacher behavior and standardize the operation of such institutions, Vice-Minister of Education Tian Xuejun said on Thursday.
China will make efforts to effectively control fiscal and financial risks. To that end, the proactive fiscal policy should be stronger and more effective while the prudent monetary policy should be neither too tight nor too loose, the Government Work Report said.
China's central bank subsequently allowed the yuan to fall against the dollar.
来源：资阳报