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yoMAMA
12-09-2007, 02:07 PM
as measured by purchasing power parity (PPP) basis.


http://news.yahoo.com/s/afp/20071115/bs_afp/uschinaeconomygrowthworldbank

maybe this will take some air out of the "china bashing"?
SunWuKong
12-09-2007, 03:40 PM
as measured by purchasing power parity (PPP) basis.


http://news.yahoo.com/s/afp/20071115/bs_afp/uschinaeconomygrowthworldbank

maybe this will take some air out of the "china bashing"?

hmm. but PPP standards are problematic because it seems to ignore cultural differences in consumer trends. plus i think it is used more to measure quality of life than real economic power.
yoMAMA
12-09-2007, 07:52 PM
hmm. but PPP standards are problematic because it seems to ignore cultural differences in consumer trends. plus i think it is used more to measure quality of life than real economic power.

but ppp is best of the lot, a lot more preferable than economy measured by exchange rates.
SunWuKong
12-09-2007, 09:28 PM
but ppp is best of the lot, a lot more preferable than economy measured by exchange rates.

given that GDP is usually measured in US dollars and that the yuan is pegged to it, wouldn't it make nominal GDP a better measurement? or does that actually make it a worse measurement?