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This page contains all of the posts and discussion on MemeStreams referencing the following web page: China Shrinks. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

China Shrinks
by possibly noteworthy at 11:15 pm EST, Dec 10, 2007

Oops.

Few people noticed, but China got smaller the other day. According to new estimates, the colossal Chinese economy that has been making marketers salivate and giving others an inferiority complex may be roughly 40 percent smaller than previously thought: worth $6 trillion rather than $10 trillion.

It turns out that things in China are more expensive than we thought. It’s as though we discovered that the real price of the noodles in Beijing was 50 yuan, yielding a P.P.P. of 12.5 yuan to the dollar rather than 10. That means the Chinese are relatively poorer and China’s economy is smaller than everybody thought.

This is not a mere technicality.


 
 
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