By Daily Crux Editor Justin Brill:

Chinese officials have begun warning about the risks of asset bubbles in the country.

Lost in the talk of bubbles forming in gold, commodities, and U.S. assets is the fact that China and other emerging markets are seeing huge inflows of cash - driven by strong growth rates, combined with record low U.S. interest and a weak dollar.

"When there is too much money around looking for good opportunities and emerging markets are the only places where growth is happening, over liquidity will lead to asset bubbles in equities, real estate and commodities," said Fan Gang, head of the National Institute of Economic Research and advisor to China's central bank. "That's something we really need to watch."

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