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IMF recently reported that China's economy has already surpassed USA by annual GDP when measured in purchasing power parity (PPP) - as opposed to market exchang
by mrslave 5y ago
IMF recently reported that China's economy has already surpassed USA by annual GDP when measured in purchasing power parity (PPP) - as opposed to market exchange rates (MER). [0]
I don't pretend to understand this much further so I welcome comments from anyone who does.
[0] https://nationalinterest.org/feature/china-now-world%E2%80%99s-largest-economy-we-shouldn%E2%80%99t-be-shocked-170719 https://nationalinterest.org/feature/china-now-world%E2%80%9...
- Armisael16 5y agoPPP is totally irrelevant for this discussion.