The global market is affected by Fed's QE withdrawal especially emerging markets are badly affected, however Renminbi's performance is particularly thriving. ANBOUND’s chief researcher Chen Gong highlighted that the emerging markets highly rely on investment. It is rather worrisome in the future as the global economies are highly dependent on America, but which is the opportunity for Chinese economy. Nevertheless, the current warnings on QE withdrawal have been exaggerated to a certain degree as the impact is not that great. The volatility of the global market in the future will be reduced as the Fed will be more cautious.