Li: China confident to keep economy in proper range

China have the capabilities and confidence in keeping its economy functioning within the proper range, Premier Li Keqiang said Thursday at the opening ceremony of the Boao Forum for Asia (BFA) annual conference 2014.

"With all the principles established and policy options at our disposal, we can handle all possible risks and challenges. China's development has strong resilience," Li said in a keynote speech at the opening ceremony.

China has set this year's target of economic growth at about 7.5 percent.

This year's annual conference runs from Tuesday to Friday under the theme of "Asia's New Future: Identifying New Growth Drivers".