BEIJING, July 1 (Reuters) - Chinese President Xi Jinping on Thursday hailed a "new world" created by the country"s people as China"s Communist Party marked the centenary of its founding, and warned foreign forces attemping to bully the nation will "get their heads bashed". In an hour-long televised address from TiananmenSquare after watching fighter jets form a "100" in a flyby, Xi pledged to build up China"s military, committed to the "reunification" of Taiwan and stressed the autonomy held by Hong Kong and Macau. "The people of China are not only good at destroying the old world, they have also created a new world," said Xi, China"s most powerful leader since Mao Zedong. "Only socialism can save China." Xi and the party are riding high as China recovers briskly from the COVID-19 outbreak and takes a more assertive stand on the global stage. But Beijing faces external criticism over its clampdown in Hong Kong and treatment of ethnic minorities in Xinjiang, and contends with a worsening demographic outlook that imperils long-term economic growth. The people of China would never allow any foreign force to bully, oppress, or subjugate them, Xi said. "Anyone who dares try to do that will have their heads bashed bloody against the Great Wall of steel forged by over 1.4 billion Chinese people," he said, sparking applause from the audience gathered in the square in central Beijing. Thursday"s celebrations began with a flyby of fighter jets and helicopters observed by the nation"s leaders, seated at the southern ramparts of the Forbidden City. Xi said China had achieved its centenary goal of building "a moderately prosperous society." SOVEREIGNTY China will build up its military to safeguard its sovereignty, security and development, elevating it to world-class standards, Xi said in his address. "We must accelerate the modernisation of national defense and the armed forces," said Xi, who is also chairman of the Central Military Commission, which controls the country"s armed forces. Chinese President Xi Jinping and other leaders arrive for the event marking the 100th founding anniversary of the Communist Party of China, on Tiananmen Square in Beijing, China July 1, 2021. REUTERS/Carlos Garcia Rawlins Participants wave national and party flags before the event marking the 100th founding anniversary of the Communist Party of China, on Tiananmen Square in Beijing, China July 1, 2021. REUTERS/Carlos Garcia Rawlins Chinese President Xi Jinping is seen on a giant screen as he delivers a speech at the event marking the 100th founding anniversary of the Communist Party of China, on Tiananmen Square in Beijing, China July 1, 2021. REUTERS/Carlos Garcia Rawlins 1/5 Participants wave national and party flags before the event marking the 100th founding anniversary of the Communist Party of China, on Tiananmen Square in Beijing, China July 1, 2021. REUTERS/Carlos Garcia Rawlins Read More No one should underestimate the resolve of the Chinese people to defend China"s sovereignty and territorial integrity, he said. Resolving the Taiwan question and realising China"s complete "reunification" is an "unswerving historical task" of the party, Xi said. "All sons and daughters of China, including compatriots on both sides of the Taiwan Strait, must work together and move forward in solidarity, resolutely smashing any "Taiwan independence" plots," he said. On Hong Kong and Macau, Xi said their social stability will be ensured, while protecting China"s sovereignty, security, and development interests. "We will stay true to the letter and spirit of the principle of "One Country, Two Systems", under which the people of Hong Kong administer Hong Kong, and the people of Macau administer Macau, both with a high degree of autonomy," Xi said. PARTY GROWTH The Chinese Communist Party, which came to power in 1949 under Mao, initially recruited peasants and workers, but has evolved to embrace markets and entrepreneurship under "socialism with Chinese characteristics" while retaining a Leninist model of authoritarianism. Party ranks swelled by 2.43 million in 2020, the largest annual gain since Xi became president in 2013, to 95.15 million members now, data released on Wednesday showed. On Monday, Xi presided over theatrical performances at the "Bird"s Nest" National Stadium in a show attended by thousands and that state media described as "epic". At the end, the audience rose to sing a song, "Without the Communist Party, There Would Be No New China." Xi said any attempt to divide the party from the Chinese people or to set the people against the party was bound to fail. "The more than 95 million party members and the more than 1.4 billion Chinese people will never allow such a scenario to come to pass," Xi said. Reporting by Ryan Woo, Yew Lun Tian, Lusha Zhang and Colin Qian; Editing by Tony Munroe, Clarence Fernandez and Jane Wardell