ANBOUDN research team states that global financial market might be in turmoil again in the second half of the year. Due to the reappearance of recession in the Eurozone and the impact of interest rate hike expectations, the market crisis in emerging economies, used to be triggered by the quickly rising US dollar index and the recycling of global capital, might happen again. The uncertainties in both the internal and external markets will challenge China's endeavor to stabilize its economic growth and its government’s macro control capacity.