China's economy is unlikely to stage a strong rebound, as many investors have been hoping. But there won't be a hard landing, as many pessimists have predicted.

That's the verdict of UBS Securities' chief China strategist Gao Ting. He said that economic growth has reached a plateau and the government is trying to steer the economy to a safe middle course, fighting an unpredictable undercurrent.

"Premier Li [Keqiang] said on several occasions that China will take a holistic approach in pursuing economic growth and carrying out reforms. In fact, we see that a middle road is being taken," said Gao, who is head of wealth management research at UBS Securities.