The Chinese economy has sustained the momentum of recovery with steady progress made in pursuing high-quality development, Chinese President Xi Jinping said in his New Year address on Sunday.

Noting the modernized industrial system has been further upgraded, Xi said a number of advanced, smart and green industries are rapidly emerging as new pillars of the economy.

"We have secured a bumper harvest for the 20th year in a row. Waters have become clearer and mountains greener. New advances have been made in pursuing rural revitalization. New progress has been made in fully revitalizing northeast China," stressed Xi.