Making the Chinese dream a reality
China Daily | Updated: 2014-11-03 08:08
Development | Dan Steinbock
The world looks like a very different place if other economies are compared based on the statistical method being used to proclaim that China's GDP will surpass that of the United States this year.
If going by this method, called Purchasing Power Parity, India would already be the world's third-richest nation, having overtaken Germany in 2003 and Japan in 2008.
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