Risks to economy 'not that scary', says China president Xi Jinping

China's economy is stable and the risks that it faces are not that scary, President Xi Jinping said on Sunday in a speech at the Asia Pacific Economic Cooperation (APEC) CEO Summit.

Xi told the meeting of business executives that even if China's economy were to grow 7 percent, that would still rank it as one of the world's fastest growing economies.

He added that China's overseas direct investment is expected to hit $1.2 trillion in the next decade.