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For more than a hundred years, Congress has enacted laws that create independent agencies, like the Federal Reserve to regulate the money supply and the Securities and Exchange Commission to regulate Wall Street.

The primary policy levers on inflation are the money supply and interest rates.

They include money supply, lending and 'total social financing' - basically a broad measure of credit and liquidity in the economy - while on Wednesday markets will digest October's retail sales, industrial production and unemployment figures.

"If the pattern of money supply and liquidity provision remains unchanged, the whole system remains fragile. Another liquidity shock is always possible," said the Beijing-based fund manager.

October's import and export figures are released on Tuesday, and Thursday sees the release of bank lending and credit, money supply, producer price inflation and consumer price inflation, all for October also.