Economy gives reason to be 'fully confident'

The Chinese economy has immense resilience, potential and room to maneuver, and the country's economic fundamentals will remain positive over the long term, President Xi Jinping said on Friday.

"I am fully confident in China's development," Xi said as he held talks with the managing director of the International Monetary Fund, Kristalina Georgieva, in Beijing.

China will adhere to a new development philosophy, promote high-quality economic growth and make sustained efforts to push forward a higher level of opening-up, all of which can create more opportunities for global economic growth, he said.