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icials in China strengthened our conviction for a stronger RMB and we believe investors should be positioned to take advantage of this. Both Premier Wen Jiabao and the PBOC Govemor Zhou Xiaochuan have recently talked about using the currency as another tool with which to fight inflation. Since 2009. the PBO
Appreciation 12% 10% II% 6% 4% 2% 0% .2% '00 72 14 —Mims OM Illi la —IbIrlilligs 0011 IS Source: China Economic Information Network. Bloomberg. Data as of 3/31/11. MPORTANT INFORMATION This presentation and the material contained herein is not a product of the J.P. Morgan Research Departme
icials in China strengthened our conviction for a stronger RMB and we believe investors should be positioned to take advantage of this. Both Premier Wen Jiabao and the PBOC Governor Zhou Xiaochuan have recently talked about using the currency as another tool with which to fight inflation. Since 2009, the P
thine 2% Source: . n vs. FX A . . retied • Ar . 00 '02 '04 '06 '08 —Chinese CPI —YoY%Chg in CNY '10 China Economic Information Network. Bloomberg. Data as of 3/31/11. Investment Products: Not FDIC Insured • No Bank Guarantee • May Lose Value EFTA00595565 GIO Opportunistic Investments J.P.
what has come to be known as the Grand Overseas Propaganda Campaign (AJB), first promoted by the administration of Party Chief Hu Jintao and Premier Wen Jiabao. The International Herald Leader, a publication of the Xinhua News Agency, reported in 2009 that foreign propaganda work had been elevated by the Par
017/08/23/Editorial -Opinion/Graphics/Tiffert-Peering_down_the_memory_hole_2017.pdf. 43 “Chinese companies are buying up cash-strapped US colleges.” Bloomberg. March 21, 2018. https:// www.bloomberg.com/news/articles/2018-03-20/cash-strapped-u-s-colleges-become-targets-for-chinese -companies. 44 Fischer, K
Entities connected to both Wen Jiabao and Bloomberg L.P.

Jeffrey Epstein
PERSON
Marc Rich
PERSON
Barack Obama
PERSON
United States
LOCATION
George W. Bush
PERSON
Eric Trump
PERSON
Samantha Power
PERSON
Woody Allen
PERSON
Middle East
LOCATION
The Wall Street Journal
ORGANIZATION
Xi Jinping
PERSON
JPMorgan Chase
ORGANIZATIONGOP
ORGANIZATION
Hong Kong
LOCATION
Ronald Reagan
PERSON
Philippines
LOCATION
Ehud Barak
PERSON
Jerusalem
LOCATION
Cynthia Nixon
PERSON
North America
LOCATION