The CICC Says China Will Crash if Greece Leaves the Euro

Everyone has their own opinion on what will happen to the Chinese economy if Europe blows up.  That ranges from a totally delusional “nothing happen” to, well…

Given the consensus remains hugely delusional and bullish, this is probably the most bearish I have come across.  From the China International Capital Corp (CICC), they believe that if Greece exits the Euro, China’s economy growth would be cut down to just 6.4% for 2012 without fiscal stimulus, which is 1.7 percentage point lower than their base case:

Full article