Despite unavoidable short-term fluctuations in growth during transition, the Chinese economy will not suffer a "hard landing", Premier Li Keqiang said on Monday.

"We can deliver the major targets of economic and social development set for 2016," he said when addressing the opening ceremony of the Annual Meeting of the New Champions 2016, or the Summer Davos Forum, in Tianjin.

Chinese economy continued to grow stably in the second quarter of the year, following a 6.7-percent expansion in the first three months, said Li.