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A comment on Asia-Pacific is home to a rise in new self-made billionaires. Parent comment

Re:Asia-Pacific is home to a rise in new self-made billionaires by RA_Fisher on Saturday February 09, 2019 @09:05AM (#19122312)
Considering the huge flows into SF, Vancouver and Sydney real estate, that doesn't seem likely. They even institute capital controls to prevent capital flight. That's a sign that the printer is running at a high speed!
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Re:Asia-Pacific is home to a rise in new self-made billionaires by seanmcdirmid on Saturday February 09, 2019 @10:45AM (#19122814)
If the RMB free floated on the market, it wouldn’t matter how fast they were running the printer since supply and demand would do its thing.

However, if the RMB is overvalued (meaning they say it is worth more than it is actually), then capital controls are very necessary. If the RMB was undervalued, then you would need more controls in the opposite direction (for money coming in) to prevent arbitrage.

Right now the RMB is overvalued, but not by much. Maybe it should be 7 or 7.5 RMB/dollar.

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