In 1990, World Bank and IMF calculated China's GDP with Purchasing Power Parity (PPP). World Bank estimated it at 1,950 U.S dollars and IMF did it at 1,300. According to this figure, China ranked next to U.S. and...In 1990, World Bank and IMF calculated China's GDP with Purchasing Power Parity (PPP). World Bank estimated it at 1,950 U.S dollars and IMF did it at 1,300. According to this figure, China ranked next to U.S. and Japan in the world. This result has created a dispute whether China is a country of the Third World or the third great power. For explaining this question, measuring system of the PPP and traditional exchange rate must be exanined first.展开更多
文摘In 1990, World Bank and IMF calculated China's GDP with Purchasing Power Parity (PPP). World Bank estimated it at 1,950 U.S dollars and IMF did it at 1,300. According to this figure, China ranked next to U.S. and Japan in the world. This result has created a dispute whether China is a country of the Third World or the third great power. For explaining this question, measuring system of the PPP and traditional exchange rate must be exanined first.
