Chamber head: China will 'bottom out' this quarter

China's economic downturn will bottom out in the second quarter of this year, according to Jrg Wuttke, president of EU Chamber of Commerce in China.

"But whether the recovery line will be the shape of a 'V' or 'W' is not known," he added.

He cited heavy government-led investment in fixed assets, abundant lending by major State-owned banks and rising stocks bolstering confidence as reasons for his optimism.