China's Premier Li Keqiang has said that the country's economy is robust and is on an upward trajectory.

Li is currently abroad, touring various the US and Canada. Premier Li met US President Barack Obama in New York.

Li emphasized that there is no reason for a sustained depreciation of the yuan. He stated that China's economy still has a "huge room" for improvement.

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Li's assertion has been widely supported by recent economic data issued by the country. China's expects its economy to grow by 6.5 to seven percent this year. In the second quarter of this year, China's economy expanded by 6.7 percent from the same quarter in the previous year.

Premier Li explained that China's economy would maintain its momentum through the third quarter or until the end of the year. According to Bloomberg, he also talked about China's currency, the yuan, stating that the currency is stable. Li said that the current levels of the yuan are balanced and reasonable. China has faced criticism for its tactics to manage the value of its currency.

Li was in New York to attend his first meeting of the United Nations General Assembly as Prime Minister. He also met various leaders including Barack Obama and United Nations Secretary-General Ban Ki-moon on the side lines of the meeting.

During the meeting, Li raised various important issues including Syria crisis. According to Reuters, China has pledged additional $100 million in humanitarian aid for refugees. Li also said that China is open to deepening the ties with the United States. He expressed hope that the relationship with both nations will continue to grow irrespective of the results of the upcoming United States presidential elections. 

TagsLi Keqiang, Barack Obama, Ban Ki Moon