Wonkblog: Everybody chill out: China’s economy is still only half the size of ours

30 Aprile 2014
Paese:  Cina Fonte: 

Is China’s economy really set to overtake the United States this year, as many news outlets reported Wednesday morning? Not exactly.

Those headlines come from a new World Bank report that looks at the  purchasing power parities (PPP) of world economies. It’s a way of standardizing GDPs across different currencies and economies by “the number of units of a country’s currency required to buy the same amounts of goods and services in the domestic market as U.S. dollar would buy in the United States,” according to the Bank’s definition.

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