Li: Nation capable of handling risk

Despite the recent stock market turbulence, China is on course to stabilize the situation and fulfill its economic targets, according to a seminar on China's economic circumstances on Thursday.

Many of China's economic indexes have started to show recovery in the second quarter, said Premier Li Keqiang at the seminar in Beijing, ahead of the official release of second-quarter data by the National Bureau of Statistics scheduled for July 15.

"The vitality and momentum of development have increased, effectively boosting confidence in various circles," said the premier, who also said last week in France that China can achieve its annual growth target of about 7 percent.