Germany's largest lender could be set to announce a year end loss of between €1bn (£850m) and €2.8 (£2.3bn) on Thursday, analysts told City AM.
And it issued its latest global events update also warning German politicians should worry about a slowdown in their economy over trading conditions.
Germany's largest lender has cut bonuses for staff in New York and London and shut down its bank accounts with the National Bank of Kenya.
The German bank Deutsche Bank is worried about China
The risk of a 'hard landing' in China is another regular subject of discussion
It is also facing a criminal probe in Milan, Italy, over its handling of a deal with failing bank Banca Monte dei Paschi di Siena.
Now it is predicting major issues in China as its loans arm feels the effects of a potential 'hard landing.'
Growing levels of debt in the Far East could hit foreign exchange markets sparking a devaluation curve, analysts have warned.
Jens Weidmann, President of the German central bank will be following the news carefully
The Deutsche intelligence report entitled "uncertainty is slowing capital expenditure" also reveals analysts are worried about the political drama brewing in Russia and Turkey.
It says: "The interplay of multiple factors is currently causing a high level of uncertainty: the potentially serious impact on Germany in the event of the uncertainties materialising, the continued high number of simultaneous uncertainties, the complexity of many capital expenditure decisions and the lack of confidence in politicians (and/or their ability to come up with solutions).
British CEO John Cryan is trying to steady the ship
"The risk of a 'hard landing' in China is another regular subject of discussion in view of the growing level of debt.
"There are also political uncertainties in Russia and Turkey."
According to analysts Deutsche could be set to record a net year loss of €2.8bn (£3.2bn) after it finally settled a £5.7bn (7.2bn) fine with the US department of justice for mis-selling mortgage backed securities.
Deutsche is also warning that German leaders should be proactive in their discussions with their largest trade partner Great Britain as the EU Brexit negotiations continue.
According to analysts, any breakdown in relationship between the two nations could have a significant dent on EU trade.
The report adds: "The Brexit decision in summer 2016 creates a whole host of uncertainties for the years ahead.
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"It is unclear how quickly the United Kingdom will leave the EU and what the situation will be afterwards. As the UK is one of Germany's main export markets, the imminent entry into uncharted political territory will probably subdue capital expenditure in both the UK and Germany."
The bank is also warning that the "early retirement" of 63 in Germany is "increasing domestic uncertainty."
DAX listed Deutsche was trading at €10.55 last September but has spiked at €19 ahead of its results.
This morning it opened at €18.76.