Lo said that the economic hit from the crackdown should wane through 2016 and 2017.
"I think the negative impact will fade, as there has been (and will continue to be) policy easing to offset it and people's/investors' confidence should be stabilizing," he told CNBC via email.
"However, GDP growth will continue to be restrained by on-going structural reforms, with the growth rate expected to range (between) 6 percent and 7 percent a year in the next few years."
China's economy has slowed steadily since 2010, when GDP expanded by more than 10 percent. The economy is seen growing by 6.8 percent this year and 6.3 percent in 2016 by the International Monetary Fund (IMF).
To put this in context, the 6.8 percent figure is over twice the 3.1 percent average global growth rate for 2015 forecast by the IMF in October. It's also above the 6.5 percent growth that emerging Asia is seen averaging, but below the 7.3 percent growth that India is forecast to post.
— By CNBC's Katy Barnato. Follow CNBC International on Twitter and Facebook.