Premier Li Keqiang says the Chinese government will stay vigilant to maintain financial stability. At a state council meeting Monday evening, Li said global stock market swings bring great challenges and uncertainty to the Chinese economy. But he said the economy will be stable on the back of rising incomes and more job creation.

Li's comments came after stock markets around the world dived in recent days, triggering new worries on the global recovery. Li also said the government must stay vigilant and keep the financial market stable. He said government policy on stock and forex markets last year was correct and successfully avoided systemic risks. But, he added that regulators should also learn lessons and ensure supervision remains effective and sufficient.