Prices are low when demand is low. Investors have pulled back, people are discouraged and pessimistic.

当需求减少价格下降时，投资者们撤退了，人们变得胆小又悲观。

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Capital flows to emerging markets have taken a breather this spring as global investors pulled back from risky trades in places like China and Brazil. Mr.

今年春季，环球投资者将资金从中国和巴西的高风险交易撤回，令到资本流入新兴市场的速度已经放缓。

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