garlic 300x199 Chinese Garlic top performing Asset (大蒜引领涨价潮)There are some concerns about the inflation threat in China. The CPI and PPI have been watched closely but not shown any sign of inflation yet (See Graph from Chinatells). However, few people would have forseen that the best performing asset in China of 2009 is Garlic (See ARticle from Economist). Apparently the price of Garlic in JinXiang, which is the main Garlic growing and exporting area of China, has increased by 40 times since March. In addition, the wholesale garlic price in big cities has increased by ten times. No other asset class is even remotely comparable to the price gain in Garlic (See ARticle from the Australian). There are different explanations on the volatility of Chinese garlic’s price. Some refer to the monetary liquidity in China, others point out that it is due to the under invesment in garlic industry in the previous years.

如果要问09年买啥最赚钱，可能很少人会想到是大蒜。确实，大蒜的涨价风潮出乎所有人的预料：从三月份开始，金乡大蒜的出产价整整上升了40倍！同时在批发和零售市场，大蒜的价格也水涨船高。大蒜价格如此巨大的波动性引来各种猜测，如温州炒房团的介入以及中间商的恶意囤货等等，同时也引发一些学者对于通胀的担忧。

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