Markets are aware that China's exceptional growth rate is finally slackening but economists are increasingly cognisant of the potential for the slowdown to evolve into a crash for the world's second-largest economy.

Concerns are beginning to rise about China's future economic prospects. While the International Monetary Fund chose not to downgrade its economic forecasts for the country's gross domestic product, Citi's chief economist Willem Buiter has said China could drag the rest of the world into a global recession.