Dear Ruchir

While listening to you in the "The Newyorkers" series in Oct 07 you said As long as the Chienese policy makers remained relaxed about inflation in China and non food inflation in China remains stable at 1% ,this bull market has some more room.

This week I read on Bloomberg that:

1.China will stick with tight Monetary policy and controlling inflation remains a top priority.

2. Last month???s inflation at 7.1% is the highest in 11 years.

3. The central bank will select an optimal tightening package.

4. The CB will make the yuan flexible and use interest rate tool to curb inflation, says their Feb 22 monetary policy report

5. Currency appreciation now seems inevitable

Do u think the time of what u said in Oct, 2007 has come and the the event is aggravated by Global meltdown ?

Ruchir, Can I have your email please.

Sushil Banthia
sbanthia@gmail.com
Mobile 097-5502-5502