Table of Content
China
2011: A Year of Reflation 4
AlphaWise Evidence Series: China Macro: Inventory Cycle Back to Normal 17
AlphaWise Evidence Series: Significant Deterioration in Business Conditions 30
Potential Upside Surprise to Inflation Print May Trigger Imminent Policy Responses 39
Hong Kong
Monetary Conditions Monitor 40
Robust Growth in Anticipation of Another Liquidity Party 45
New Property Measures to Dampen Speculation, but Not Prices 49
Taiwan
Domestic Resilience Continues 52