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Filtered on: #economy > showing 1 comment covering 100 days


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The China Story You Should Pay Attention to, and the One You Should Ignore


The newest results show (to oversimplify) that effective #Chinese prices have been even lower than assumed, and therefore the purchasing power of #Chines_ RMB has been even greater. After these adjustments, the overall Chinese #economy is deemed to be about 20 percent larger than previously believed?and therefore either it already has, or it very soon will, "overtake" the United States to become, in #PPP terms, the world's biggest economy.

written by: James Fallows

&Rob 2014-05-01  


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