China's Premier Li: We're on track for 7% growth in 2015

Chinese Premier Li Keqiang said the country was on track to hit its growth target of about 7 percent this year.

Speaking at a summit in Suzhou with leaders of 16 Central and Eastern European countries, Li said that the Chinese economy was going through the necessary adjustments to achieve reasonable medium- to long-term growth.

Li also said China was studying the possibility of establishing of a multilateral financial institution with Central and Eastern European countries, as well as a joint fund denominated in Chinese yuan.

Speaking at the event, Hungarian Prime Minister Victor Orban called on China's leaders to support the European Union's efforts to combat terrorism, in the wake of the deadly attacks in Paris.