Premier Li: China's economy showed a steady improvement in the second quarter

Speaking at the t World Economic Forum (WEF) in Tianjin on Wednesday, China's Premier Li Qiang said that "Judging from key indicators, China's economy showed a steady improvement in the second quarter."

Additional quotes

Regardless of how the international environment evolves, China's economy has 'consistently maintained a strong momentum for growth.

We are confident in our ability to maintain a relatively rapid growth rate for China's economy.

Aim for China to transition from a major manufacturing power to a mega consumer market.

That will open up vast, untapped markets for businesses in various countries.

Willing to share original technologies and innovative scenarios with various countries.

Hope all will engage in activities that benefit greater good, abide by market principles in all endeavors, persist in doing the 'right thing'.

Urge all parties refrain from politicizing and securitizing economic and trade issues excessively.

Oppose decoupling, and focus on long-term goals.

Encourage all to seize opportunities presented by the current wave of technological innovation and industrial transformation.

China warmly welcomes enterprises from all over the world to invest in China, establish a strong foothold here.

Market reaction

AUD/USD is keeping its range play intact at around 0.6500 following these headlines.