f****** with you.
Inflation figures released and they show that China is burning hot like a nuclear reactor about to go critical. Problem is, the currency was fixed higher (steady@6.618 on day of CPI release), not lower against the USD. Meaning = China tightening (on blowout inflation) isn't so 'critical' otherwise the Yuan would be much lower against the USD (indicating a Strong CNY).
Conclusion: China is probably slowing, good to watch Steel prices and Merger & Acquisitions activity into 2011, but the best view is China's property market and its bubble/price movements.
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