Although China's impact on the global economy has become a fact of life, the effect of the outside world on the People's Republic draws less attention. But the crisis that started in Greece and risks spreading across the eurozone hammers home the limits of the 'China-first' policies the leadership has been seeking to pursue as it winds down the heavy stimulus measures that restored growth in 2009. That is inducing an extremely wary attitude in Beijing: "China will make sure it maintains...
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