It is running within a proper range, but nation must not underestimate the challenges it faces, premier says

China's economy is "running within a proper range" and merits full confidence for its fundamentals, Premier Li Keqiang said on Wednesday, adding that the nation should not underestimate the challenges confronting it.

Li's remarks, made at a State Council departmental meeting, follow forecasts by the World Bank and the International Monetary Fund of slightly slower growth in China for the rest of this year and in 2015.