Traders and investors hoping for a quiet life after a rollercoaster 2015 might be in for a shock, according to the CEO of the U.K.'s largest insurance company.
Speaking about global volatility this year, Mark Wilson at Aviva predicted that concerns over Chinese growth would trouble international stock markets for another four years.
"I think we're going to get volatility until maybe 2019," he told CNBC Thursday, adding that sentiment will only cool down after that extended period.
"It used to be that when the U.S. sneezed, the rest of the world caught a cold, then the same thing happened with China. My view is that the market will get immunity to that."
Wilson said that it would be a period of "learning" for global investors as they deal with slowing growth in China, but he maintained that he was still a "bull" on the world's second largest economy.
After double-digit growth for the last decade, investors and officials in China are now contemplating the possibility that gross domestic product figures could dip below 7 percent this year.
A raft of data has disappointed in recent months as the country's leaders focused the economy on being more consumption-led and more domestically orientated. A surprise devaluation of the yuan in August led to severe bouts of volatility in global markets.
The Shanghai Composite has tanked by around 40 percent since the 2015 highs it reached in the middle of June. The country even managed to roil international benchmarks with U.S. indexes tipping into correction negative during the month of August.
Alexander Friedman, CEO at GAM, told CNBC Thursday that China still had a "lot of (monetary) policy levers left" which could mean that its central bank could help ride out any economic turmoil over the coming years.
Capital Economics has been one of the most bullish investment houses on China despite the volatility in August and September. In a note last week a team of economists, led by Andrew Kenningham, stressed that the "world economy was not falling off a cliff."
"We think the true rate of growth in China has stabilized (at a low level) since the beginning of the year, and is likely to rebound in the coming months," the team said.
"Policy support in China has led to a rebound in credit growth in the past few months. We suspect it will continue to pick up in the coming months as a result of the lagged impact of the more recent policy stimulus."