China's inflation rate is way too high and will soon be a burden for others buying from them. In the recent months, there has been increasing concerns on its credit lending.

On the equities, the China stock market has risen to levels way above its valuations for most of its stocks that are already listed on the exchange, so we're going to see correction (as we have seen so far) back to more realistic ratios.

Other parts of Asia..

Interestingly, I was speaking with another person and discovered that India property prices have gone up to insane prices, speculation has it that India might be the next subprime target.. We shall see if that comes true..

In Singapore, inflation is certainly hurting us with the sudden escalated prices of property and consumer goods. The disparity between the rich and the poor has become greater as many have made money in property and stock speculation, and it is these "speculators" that appear to be indifferent to the inflated prices.

As for Malaysia, I believe that they are probably too busy with their political issues than other things at the moment.

For Australia and Indonesia, resource companies in mining sectors have definitely benefited in 2008 year of resources, but we shall see if that continues to stay as commodities prices ease from their highs in the next few months. However, in the long run, I believe that they will still increase, but at a much slower pace.

came from a friend in Singapore, but they fail to mention Thailand... so what are your thoughts on the outlook?

Interesting post Boater. People will always want to invest in the next big thing, the prices become overinflated and eventually there has to be correction. Has always been the case. Hey, that's economics for you.

Which reminds me I have just read a very interesting book on economics...