Central bankers in Asia feel double-crossed by the Fed's plans for quantitative easing. A few weeks after G20 member pledges not to devalue currencies in order to spur growth, the United States is doing just that. Even more worrisome are the fears of surging capital inflows into emerging markets causing bubbles to develop in several sectors. Here is glimpse of what a Real Estate bubble bursting in Beijing would look like.
Chinese Real Estate Crash Scenario- http://www.hiddenlevers.com/hl/u?bUiJCM
A recession in China, would nix the global recovery altogether.