While capital controls have done an A plus job at protecting the country from the spates of global financial turmoil, industry experts predict the eventual, unavoidable opening of the Chinese market.

Experts said the rapid internationalization of the economy need to be matched eventually with greater financial integration, Reuters reported. This implies that if China intends to continue growing her economy, she will need to open her markets.

As global markets suffered from a downturn recently, the Chinese stock market was, ironically, close to its record high. Its capital controls have been the reason for such results, as media reported that China's stock markets might have been in the same boat if not for its cap of US$10 billion on foreign investment in domestic securities.

"Its capital account restrictions saved the country again," said Dong Tao, the chief economist for non-Japan Asia at Credit Suisse in Hong Kong.

However, undeniably, China is still vulnerable to stock market turmoil. Its main banks have yet to report any losses related to the credit squeeze on hedge funds and other investors, and if the U.S. faces a recession due to its market, demand for Chinese exports will suffer, Reuters reported.