Top Down Strategy and Large Cap Stock Picks - the DBS Vickers ...
Top Down Strategy and Large Cap Stock Picks - the DBS Vickers ...
Top Down Strategy and Large Cap Stock Picks - the DBS Vickers ...
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Regional Equity <strong>Strategy</strong> Q4 2007<br />
Country Assessment<br />
CPI vs PPI in China<br />
Yoy, %<br />
10<br />
8<br />
PPI<br />
6<br />
4<br />
2<br />
0<br />
CPI<br />
-2<br />
-4<br />
-6<br />
Jan-01<br />
Jun-01<br />
Nov-01<br />
Apr-02<br />
Sep-02<br />
Feb-03<br />
Jul-03<br />
Dec-03<br />
May-04<br />
Oct-04<br />
Mar-05<br />
Aug-05<br />
Jan-06<br />
Jun-06<br />
Nov-06<br />
Apr-07<br />
Aug-07<br />
Source: CEIC<br />
China’ s CPI components experiencing declines<br />
Yoy, %<br />
4<br />
3<br />
2<br />
1<br />
0<br />
(1)<br />
(2)<br />
(3)<br />
(4)<br />
Jan-03<br />
Jun-03<br />
Nov-03<br />
Apr-04<br />
Sep-04<br />
Feb-05<br />
Jul-05<br />
Dec-05<br />
May-06<br />
Oct-06<br />
Mar-07<br />
Aug-07<br />
CPI - Recreation, Education & Cultural<br />
CPI - Transport & Telecom<br />
CPI - Clothing<br />
Source: CEIC<br />
54