Forex China's Potential in Destabalising World Markets

Just wanted to open a friendly discussion on the topic [ please leave your ego at the door! ]

I feel that the next global recession might be catalysed by the economic turmoil happening in China at the moment.

Some of my observations:
1. Shanghai Composite Index is falling, despite major Chinese government intervention.
2. AUD has been devaluing with every major event in the Yuan.
3. To me this is no surprise as China is a major AU trading partner, and Australias "mining boom" has always been contingent on China's demand which now must wane/already is waning (at least in my opinion).

Some of my thoughts:
1. AUD has further to fall. This is only the beginning.
2. China appears to be doing Janet Yellen and the Fed's job for them!
3. Recent events place pressure for fed rate hikes to be delayed until December or later

What are your thoughts?

Keep it friendly I'll admit I'm no economist by any stretch.

Trade safely,
Lester

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