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3) The investment and financing systems continued to undergo innovation. We used the public-private partnership (PPP) model and other measures such as granting franchise and subsidizing investment to encourage and guide the involvement of nongovernmental capital in the construction and operation of infrastructure and public utilities. We adjusted and improved the capital contribution requirements for fixed-asset investment projects. We properly adjusted and relaxed corporate bond issuance requirements, and issued new bonds such as project revenue bonds and bonds for eco-friendly initiatives, as well as six special bonds to finance the construction of urban parking lots and underground utility tunnels, the development of strategic emerging industries, the improvement of elderly care services, the building of incubators for entrepreneurship and innovation, and the construction and upgrading of power distribution grids.

Of the 70 cities monitored in January, new home prices climbed in 38, compared with 39 the previous month, the National Bureau of Statistics (NBS) said Friday. There were 24 declines, down from 27 in December, according to NBS data.

Yu Zhengsheng, chairman of the Chinese People's Political Consultative Conference National Committee, directed political advisors to a speech given by President Xi Jinping on Friday calling for unwavering efforts to develop the economy.

"As foreign ministers, it is our task to clear the way ahead and to remove obstacles to the smooth development of our bilateral relations," Wang said, emphasizing that Beijing and Washington have "far more common interests than areas of disagreement."

Premier Li Keqiang delivered a speech at the gathering, greeting all Chinese in the mainland, Hong Kong, Macao, Taiwan and at abroad.