Credit Suisse：中国市场策略－通货膨胀的问题

China Market Strategy--The inflation question

9 February 2007 ２０页　　英文

Asia Pacific/China Equity Research Strategy

CPI inflation is expected to accelerate in 2007, led by food prices and wage growth. The liquidity-fuelled asset price inflation in both the stock and property markets is another concern. We see the increasing likelihood of a policy response that would have implications across various sectors creating uncertainty for Chinese banks, having a negative impact on oil product and utility prices and benefiting agriculture stocks