Disappointing first-quarter growth data have already led foreign investors to have second thoughts about keeping money in China. A Grexit could prove to be the last straw, and would surely lead to a tightening in domestic monetary conditions at a very precarious point in the economic cycle.
新兴市场货币和其他资产在二季度的表现表明，去杠杆化再次开始了。第一季度令人失望的增长数据让外国投资者考虑投资中国时更加谨慎了。希腊的退出将是一根导火索，必然导致在经济周期的疲软期收紧国内货币条件。