Chinese President Xi Jinping delivers the 2024 New Year message in Beijing on December 31, 2023. (Photo: AFP/ VNA)

In a televised speech to mark the New Year, Mr. Xi said China would deepen reforms to shore up confidence in the economy.

"We must comprehensively deepen reform and opening up, further boost confidence in development, enhance economic vitality, and make greater efforts to promote education, promote science and technology, and cultivate talents,” he said.

China will promote high-quality development and balance development and security in a well-coordinated way, President Xi added.