Goldman Sachs slashed China's GDP forecast through 2018 amid increasing pessimism over the health of the world's second largest economy
On Monday, the bank notched down its 2016, 2017 and 2018 projections to 6.4 percent, 6.1 percent and 5.8 percent respectively, from 6.7 percent, 6.5 percent and 6.2 percent previously.
The Chinese government estimates growth of around seven percent in 2015.
China investor Kevin Carter, chief investment officer at Big Tree Capital, believes China is indeed exhibiting all the classic signs of a bubble right now and urges investors to think long-term with a laser focus on consumer and internet sectors.
Carter told CNBC's "Power Lunch"Monday "China's booming consumer market has more than billion people moving up the income ladder and seeking what Americans also seek: more and better food, appliances, iPhones and a college education for their children."
Carter's top pick is Alibaba. "Despite making new lows last week, I don't think the stock has hit the bottom. And we think that's a signal to start buying the stock."
Carter oversees a total $500 million in assets across six emerging markets ETFs, including the EMQQ Emerging Markets Internet & Ecommerce ETF. He also oversees the indexes of five Guggenheim ETFs.