20070510 The Chinese stockmarkets are going to CRASH one day. When that will happen, depends on the forces of demand and supply. At the moment many economists and even China's central bank governor are warning that the market is getting overheated. If you look back in history, we see many examples of bubbles that parralel the current stock market craze in China:

• the 2nd Board mania in 1996 to 1997 in Malaysia KLSE.
• The Japanese stock market bubble in the 1990s-busted by an earthquake in Kobe
  
• the dot com boom in the US and the world in 2000.
• the Saidi market mania in 2006
• the super bull run in KLSE in 1993
• etc etc

What was the outcome-CRASH. A matter of when, not if, so when China sneezes next, the world will catch a virulent cold. Be aware. Oh one more thing thing, the volume traded on China's two stock markets exceed more than the whole of Japan, Malaysia, Thailand, Korea, Hong Kong, Australia, Indonesia, Singapore etc combined. In technical terms=distribution phase, in journalists and financial analysts terms=overheated. As inevitable as the sun setting in the west, the question is in the timing.