MORGAN STANLEY RESEARCH

MORGAN STANLEY RESEARCH

CHINA ECONOMICS: INFLATION OUTLOOK IN 2010: A SUPPLY-SIDE PERSPECTIVE - November 01, 2009 GMT (8 pgs/ 127 kb)



What's new: We recently discussed China's inflation outlook in 2010 and concluded that 'concern about potentially high inflation in China in 2010 is unwarranted' by examining aggregate demand-related factors such as money supply and exports. In this note, we focus on the implications to inflation pressures stemming from potential supply shocks (e.g., international commodity and domestic food prices).
A SUPPLY-SIDE PERSPECTIVE - November 01, 2009 GMT (8 pgs/ 127 kb)