Economists have stated that world markets "overreacted" to China's economic slowdown.
The comment was made during a panel at the World Economic Forum Annual Meeting in Davos, Switzerland.
International Monetary Fund Chief Christine Lagarde says the Chinese economy is going through a bumpy transition.
"On China, I've heard for the last ten years that we are just about to see a hard landing, everybody here on this panel tells you, that we are not seeing a hard landing, we are seeing an evolution, a big transition which is going to be bumpy, which will offer some turbulences, we are going to get used to it and it is a very normal and proper way to actually move towards a more sustainable and quality growth, we all hope."
The Chinese government announced earlier that its economy grew by 6.9 percent in 2015, the slowest rate in a quarter century.
The slowing growth fueled fears in the global market, amid lower-trending commodity prices.
