Despite foreign and domestic challenges facing the Chinese economy, including the recent turbulence in the stock market, former Australian prime minister Kevin Rudd has full confidence in the world's second-largest economy.

"I think the Chinese economy has very strong fundamentals," Rudd said in an interview in Beijing with China Daily and other Chinese media earlier this week.

Rudd, now president of the Asia Society Policy Institute, was prime minister from 2007 to 2010 and held the office again in 2013.