Ratings agency S&P is warning that China's economic growth in 2020 to 5%, blaming the coronavirus outbreak and warning that its impact could affect the global economy.
But Monique Wong, senior portfolio manager at Coutts, doesn't think investors should be panicking just yet.
“What most investors are doing is going back to the Sars [severe acute respiratory syndrome outbreak] period in 2003...in the quarter that was most effected, the Chinese economy lost 10%, but it was followed by a 15% recovery in the following quarter.
“There will be an immediate negative impact, but there is a recovery ahead and there isn’t lasting damage to the economy."
There were around 8,100 cases of Sars reported during the eight-month outbreak, and the virus was estimated to have cost the global economy more than $30bn (£22bn).