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Key points: In history, Inflation always arises from too much currency circulation. Today, many factors are contributable to global inflation, which include: quantitative easing to aid economy; global economy’s recovery；lagged monetary policy. Inflation will first emerge in resources-rich countries, such as Brazil, Russia. Then inflation will export to industrialized country, such as US, Japan. Global inflation will more likely fall in the late of 2010 or in the early of 2011. In the history of modern china, Inflation always associates with overheated investment and relax credit. More recen