Economic rebound in China 'unlikely' in 2014

China's economic slowdown is nearing an end, but prospects for a rebound next year look dim amid an expected drop in the nation's GDP growth rate, a United States manufacturing industry group said.

The Manufacturers Alliance for Productivity and Innovation said the outlook for China will remain "murky" as GDP growth drops to 7.1 percent in 2014 from 7.3 percent this year amid "an extended period of slower growth".

The Virginia-based group said: "While recent Chinese data have suggested a bottoming of the sharp slowdown in Asia's largest economy, there is no sense of a definitive rebound on the short-term horizon."