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BEIJING, Feb. 13 (Xinhua) -- The end of Spring Festival holiday often means bidding farewell to home and getting back to work at faraway cities. But for many Chinese, this year's holiday marks the beginning of a new life with a job at home.

Prices for existing homes also warmed up last month, with 37 cities up and 25 down. The average annual increase in first-tier cities was more than 20 percent, while prices in most third-tier cities fell. A huge overhang of unsold homes continues to limit increases in smaller cities.

He urged the armed forces to fully implement the innovation-driven development strategy, place combat capacity at the center of all their work, and step up theoretical and technological innovation.

China's economic miracle started decades ago with two major policies, the reform and opening up. While he continues to push forward reform, Xi understands the power that the opening up policy wields.

Looking back over the last five years, it is clear that the reform and development of public finance work in China has reached a new level, and that its role as the foundation of the country's governance has been effectively utilized. We constantly deepened the reform of the budgetary management system, made systematic headway in replacing business tax with VAT and in reforming excise tax and resource tax systems, and achieved major progress in building a modern fiscal system over five years of continuous refinement. In exercising macro regulation through fiscal policy, we paid great attention to keeping market expectations stable, unleashing internal forces for driving economic growth, and promoting structural improvements, and helped achieve a better-quality, higher-efficiency, and steadily operating economy by relying more heavily on market forces and adopting more reform measures. The wellbeing of our people has seen continual improvements, and we increased spending in related areas while working hard to improve related expenditure policies and institutional arrangements, emphasizing their public nature as well as increasing their sustainability. We established a general institutional framework for the management of local government debt, developed a clear picture of total outstanding debt, and carried out the systematic replacement of a portion of outstanding debt to ensure better overall control of debt-related risks.