Chen Yuyu, associate professor of applied economics at Guanghua School of Management at Peking University. [Provided to China Daily]

Not everyone, however, believes that the China economy is on a slower growth trajectory. Chen Yuyu, associate professor of applied economics at Guanghua School of Management at Peking University, believes policymakers will be able to keep growth at above 7 percent.

"I think there will be steady growth. I guess the decisionmakers will revise the target growth rate a little bit downward. I think they will avoid growth under 7 percent and it might be somewhere between 7 and 7.5 percent."