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Spot on the huge apparent differential between China and the US is largely down to foreign exchange rates. The current imbalances make most current measures of economic activity rather absurb.
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The exchange rate is not controlled by any market, it's controlled by the Chinese government. As long as the exchange rates remain as they are, it will be hard to fully monetize Chinese traffic. If anyone thinks that is likely to change substantially, they are better off investing in Chinese currency than Chinese domains. As for the rest of the conversation...it's over my head.