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The country will adhere to the principle of public welfare in education, deepen educational reform, promote fairness in education and the balanced and integrated development of compulsory education in rural and urban areas, it said.

The country should keep a fine balance between maintaining growth and forestalling risks and deal with risks in key areas in a targeted and effective manner, he said, adding that China should deepen opening-up of the financial sector.

The country will continue to implement a proactive fiscal policy and prudent monetary policy, according to the annual Central Economic Work Conference held this month.

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The cost and short supply of cancer drugs have been a longstanding public concern in China.

The construction of the innovation hub has already lured in many graduates from Hong Kong, which neighbors Shenzhen and boasts many universities.

The country will grant more powers to pilot FTZs and explore the opening of free trade ports, according to a key report delivered at the 19th National Congress of the Communist Party of China.

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The construction of Chancay terminal includes multipurpose terminals, container terminals and related infrastructure facilities. Phase one of the terminal will have four berths, of which two are multipurpose berths, and two are container berths with a total annual designed capacity of one million TEU, or twenty-foot equivalent units－an industry measure of cargo capacity.

The country has also decided to scrap business restrictions for foreign banks, securities firms and fund management firms, and implement an amendment to the management regulations for foreign banks and insurance companies.

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The country will also improve its fair, unified and sustainable multi-tiered social security system that covers the entire population in both urban and rural areas, it said.

The conference was co-organized by JD Finance and leading venture capital firm Sequoia Capital. It aimed to enhance cooperation and explore the infinite possibilities of AI to boost global intelligent financial development.