Aside from China's oversupply issues and shadow lending system and its housing bubble, China is the world's second most important economy, bar none. Meanwhile, the China hard landing is not upon us. China's economy in the first half showed better than expected growth, at nearly 7% versus forecasts of 6%. The direction of the Chinese currency is determined primarily by the strength or weakness of the dollar, rather than the health of the Chinese economy. The China consumer story isn't over yet.

Source: Forbes July 28, 2017 15:35 UTC