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You didn’t really think the market’s roller-coaster ride was over already, did you? This week’s headlines could have been recycled from last week. We’ve seen another bout of volatility triggered by more worries about weakness in China.

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If the current worries of global investors could be summed up in a single question, it would probably be, “Are things really that bad in China?” An answer is elusive at this point even the government in Beijing may not know for sure. But without that information, no one can confidently predict where the market’s bottom might be.

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Fears of weakening growth in China is the latest in a series of distress signals sent out by the global economy in recent months.

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The U.S. and global economies have been caught in a slow-growth rut for several years now, and with the rising concerns about decelerating gross domestic product (GDP) gains in China, there’s little reason to think the pace of expansion will start climbing any time soon.

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The steep and sudden devaluation of the Chinese yuan this week should remove any remaining doubts that the world’s major economies are engaged in a currency war.

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