Chinese Premier Li Keqiang (rear L) exchanges views with Klaus Schwab (rear R), founder and executive chairman of the World Economic Forum (WEF) and other participants at the World Economic Forum (WEF) in Dalian, northeast China's Liaoning Province, Sept. 9, 2015. The three-day meeting will last from Sept. 9 to 11.(Xinhua/Yao Dawei)

At the annual Summer Davos Forum 2015 held in Dalian, leaders from top transnational enterprises and well-known media professionals hold talks with China's Premier Li Keqiang on China's economic performance.

As the world's second largest economy and the country with the most promising economic development, China's economic performance has deep influence on the course of the global economy.

How to evaluate the condition of China's economy and the global economy? How to deal with abnormal fluctuation of China's stock market? Will depreciation of the RMB lead to currency war? China's Premier Li Keqiang presents us with his insights.

Will China's economy keep growing?

Li stated that China's economy is in reasonable range and China's government is confident to keep China's economy at mid-to-high speed growth in a mid-to-high level.

In the first half of the year, China achieved 7 percent growth, ranking high among major economies in the world. Furthermore, GDP growth has created 7 million new jobs and contributed to increase in resident income and improvement in environment.

What will China's economy rely on in the future?

According to Li, China encourages people to start their own businesses and to make innovations. These new methods will promote structural reforms. Consumption takes more than 60 percent of GDP and service industry is near 50 percent. Short-time fluctuation is inevitable in structural reforms but will not affect overall operation of the economy.

Will measures taken to stabilize stock market hinder financial reform?

Authorities have prevented the spread of financial risks and stabilized the stock market during unusual fluctuations in June and July, Li said. This is an internationally accepted practice and in accordance with China's national conditions.

China's financial systematic reform will not halt. China will continue to develop a multi-layered capital market and make it open, transparent and stable based on market forces and the rule of law, according to Li.

Will China's government debts cause more risks?

Li explained that central government debt is only about 20 percent of China's GDP compared with 105.6 percent of GDP in America in 2014, according to statistics released by International Monetary Funds. Furthermore, 70 percent of local government debt has been used in investment with expected returns. Moreover, China is specifying the issuance of local debts. Li pledged that the central government will not be the collateral of local debts.

Will depreciation of the RMB lead to currency war?

Li said that since this government came into power, the exchange rate of the RMB has risen by 15 per cent. The recent adjustment of RMB exchange rate was caused by fall of other countries' exchange rate against U.S. dollars.

It is unnecessary to worry that China will be the source of international financial risks. China has abundant foreign exchange reserve at present. There is no foundation for constant depreciation as the goods trade surplus is also on the increase. China will also be a sufferer of currency wars as China's economy is highly integrated with the global economy.