The Chinese economy is recovering but the foundation for recovery is not solid yet, Chinese Premier Li Keqiang told the state media on Thursday, as reported by Reuters.

"We will keep economic operations within a reasonable range," Li added. "China will keep opening up no matter how the international situation changes."

Market reaction

These comments were largely ignored by market participants. As of writing, US stock index futures were up between 0.3% and 0.4% on the day, suggesting that Wall Street's main indexes are likely to open in positive territory.