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mained undeterred in its rise from 2% to 5.4%. A stronger currency would help curb some of the inflation imported from other countries: according to J.P. Morgan's Greater China Economics team, every 1% of appreciation lowers headline inflation by about 10.12 bp per year. As inflation continues to grind higher
tion has been prepared for information purposes only. Nothing in this material is intended to be a solicitation for any product Cf service offered by J.P. Morgan's Private Bank or any of its affiliates. Information contaked herein has been obtained from sources believed to be reliable but we do not guarantee it
ic 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 Department and is not a research report. although it may refer to a research eport or research analyst. This presentation should be reviewed in conjunction wit
ion has been prepared for information purposes only. Nothing in this material is intended to be a solicitation for any product or service offered by J.P. Morgan's Private Bank or any of its affiliates. Information contained herein has been obtained from sources believed to be reliable but we do not guarantee I
ity to add to their equity positions. Anton Pil GIO IMPORTANT INFORMATION This presentation and the material contained herein is not a product of the J.P. Morgan Research Department and is not a research report, although it may refer to a research report or research analyst. This presentation should be reviewed in conjunction wi
remarks. Dial-In Information U.S./Canada: Internationaa Passcode: GIO GROUP This invitation is confidential and intended solely for the use of J.P. Morgan's Private Bank professionals and the clients/prospects to whom it has been delivered. It is not to be reproduced or distributed to any other person ex
or service offered by J.P. Morgan or any of its affiliates. Please note that Mr. Pil and Mr. Hug are not Research Analysts nor are they representing the J.P. Morgan Research Department. The information presented during this call has been obtained from sources believed to be reliable. However, neither J.P. Morgan nor any of its aff
tion has been prepared for information purposes only. Nothing in this material is intended to be a solicitation for any product or service offered by J.P. Morgan's Private Bank or any of its affiliates. Information contained herein has been obtained from sources believed to be reliable but we do not guarantee i
3 03 0 of 6 an. ace 8 7 Source: Bloomberg. Polk IMPORTANT INFORMATION This presentation and the material contained herein is not a product of the J.P. Morgan Research Department and is not a research report although it may refer to a research report or research analyst. This presentation should be reviewed in conjunction wit
ion has been prepared for information purposes only. Nothing in this material is intended to be a solicitation for any product or service offered by J.P. Morgan's Private Bank or any of its affiliates. Information contained herein has been obtained from sources believed to be reliable but we do not guarantee i
Morgan representative to discuss investment options. IMPORTANT INFORMATION This presentation and the material contained herein is not a product of the J.P. Morgan Research Department and is not a research report, although it may refer to a research report or research analyst. This presentation should be reviewed in conjunction wi
ugh March 111^ @ 5:00pm. Replay Informa ' US/Canada: International: Passcode: This invitation is confidential and intended solely for the use of J.P. Morgan's Private Bank professionals and the clients/prospects to whom it has been delivered. It is not to be reproduced or distributed to any other person ex
r service offered by J.P. Morgan or any of its affiliates. Please note that Mr. Pil and Mr. Flug are not Research Analysts nor are they representing the J.P. Morgan Research Department. The information presented during this call has been obtained from sources believed to be reliable. However, neither J.P. Morgan nor any of its aff
Entities connected to both JPMorgan Chase and the J.P. Morgan Research Department