China is hot. But is it too hot?

China's economy, to quote the alter ego of New York Dolls frontman David Johansen, is hot hot hot.

Name an asset and there are worries that it may be a bubble in China. Several experts, most notably short seller James Chanos, have speculated that China's real estate market is too frothy, for example.

The People's Bank of China (basically the Chinese equivalent of the Federal Reserve) has already lifted reserve requirements for banks several times in the past few months as an attempt to cool the economy down.

Fears of runaway inflation -- China's consumer price index rose at an annual rate of 4.4% in October -- have led to speculation that the PBOC will raise interest rates before CPI for November is announced on December 13.

Read Full Article from CNNMoney

- Posted: 2010-12-09 12:34:18

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