EFTA00751571Set 9
2010-11-295p3,889w
Source: National Bureau of Statistics, J.P. Motgan Securities, LLC. Source: BCA Research, ISI Group.
Some clarifications are in order. First, inflation in China is mostly related to food ... Source: "The Costs an d Implications of PBC Sterilization*, John Greenwood.
Source: CEIC,ISI Group. Cato Journal. Spring/Summer 2008, CEIC.
On real estate, China raised down-payment requirements and lending
https://www.justice.gov/epstein/files/DataSet%209/EFTA00751571.pdf
EFTA00751564Set 9
2010-11-297p3,731w
Source: National BureauoI Statistics.. Moman Securities. LLC. Source: BCA Research, ISI Group.
EFTA00751567
Some clarifications are in order. First, inflation in China is mostly related to food ... Source: -The Costs and Implications& PSC Sterilization", JohnGreenwood,
Source: CEIC. ISI Group Cato Journal, Spring/Summer 2008, CEIC.
On real estate, China raised down-payment requirements and lending rates, cancelled
https://www.justice.gov/epstein/files/DataSet%209/EFTA00751564.pdf
EFTA01116684Set 9
2002-01-019p7,098w
Source: ISI Group, International Energy Agency, World Bank Source: IEA, ISI Energy Research.
Energy valuations are currently inexpensive vs. history (see chart below, left), which reflects in part markets
https://www.justice.gov/epstein/files/DataSet%209/EFTA01116684.pdf
EFTA00601910Set 9
2012-03-153p2,400w
PBOC,ChinaAutomptive Infonnatbn, China Economic Information Network, CLSA•Marbt. HaverAnalytics. J.P. Morgan
Securities 11O, ISI Group, J.P. Morgan Private Bank. • PMIdata are index levet Housingprice to income. cementpiodudion and steel
https://www.justice.gov/epstein/files/DataSet%209/EFTA00601910.pdf
EFTA00433088Set 9
2011-06-034p1,259w
upgrades CECO/DV/APOL/NE, Moke initiates XEC (op), Citi downgrades ALL &
raises target VRUS
Key Research: ISI Group initiates BMY (hold), Wedbush initiates CERS (op), Wells downgrades
FRO
Key Research: Barcap upgrades
https://www.justice.gov/epstein/files/DataSet%209/EFTA00433088.pdf