This article talks about an event currently taking place in China regarding its devaluation of currency. Specifically, this article describes the devaluation of China's currency caused by China's government and its ultimate effects on investors in the stock market. This event represents the theme of globalization, particularly, economic globalization. It is readily apparent that the devaluation of China's currency not only affected stock markets across the globe, but also seemed to affect other countries' currency as well, such as Taiwan. This can be inferred from this particular quote from the article, "Penso Advisors, a hedge fund adviser that manages money for investors like pension funds, scoped out currencies that were affected by the renminbi devaluation in an attempt to profit from the shock waves. The firm bet on the Taiwan dollar, which dropped more than the renminibi, said Ari Bergmann, founder of Penso Advisors." (Stevenson) In sum, this article demonstrates that both stock markets and various countries' currency-particularly currencies in a country with a strong economy like China-are mediums that are increasingly linking the world. The economic globalization represented by these latest events in China is best proven by the following statement: "Investors ultimately know that they cannot ignore China, given its size and influence." (Stevenson).