/world business
SHANGHAI, China (AP) -- Asia's dynamic economic growth is expected to slow modestly in 2008 as its biggest economies grapple with emerging problems, from inflation in China to appreciating currencies in India and Japan.
The expected slowdown in the U.S. economy -- a vital export market -- and higher oil prices also cloud Asia's outlook.
In China, worries persist that the economy is overheating. Inflation hit a peak of 6.5 percent this year, while real estate and stock prices also have soared, posing a challenge to policymakers whose options are limited by China's continued controls on the currency and capital markets.
In India, a record surge in foreign investment has resulted in a sharp appreciation of the rupee, which is already hurting exports, especially earnings of the highly profitable outsourcing industry. E-mail to a friend 
Copyright 2007 The Associated Press. All rights reserved.This material may not be published, broadcast, rewritten, or redistributed.
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