Morgan Stanley's Shanghai Surprise

For all the bears touting the China equity bubble, property bubble, and touting the next China debacle, take a look at Morgan Stanley's latest even-handed piece on China.

It's a really good read.

Upside surprises to shipping, steel, banks and airlines.

What would throw a wrench into the Chinese juggernaut?

Inflation.

And for those who want to check out Madonna 23 years later? Look at her last night.

Key Surprises for 2010 - China