Chinese President Xi Jinping on Saturday expressed strong confidence in and optimism toward China's economy, saying it enjoys strong resilience, tremendous potential and great vitality.

In his New Year address, he said today's China is "brimming with vigor and vitality."

"Various pilot free trade zones and the Hainan Free Trade Port are booming, innovations are gushing out in the coastal areas, development is picking up pace in the central and western regions, the momentum for revitalization is building in the northeast, and there is greater development and affluence in the border region," Xi added.