This is a China news story, published by Asia Times, that relates primarily to Han Feizi’s news.
For more China news, you can click here:
more China newsFor more Han Feizi’s news, you can click here:
more Han Feizi’s newsFor more Asia business & economics news, you can click here:
more Asia business & economics newsFor more news from Asia Times, you can click here:
more news from Asia TimesOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best world news, business news, entertainment news, and much more. If you like this article about Asia business & economics, you might also like this article about
largest economies. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest GDP growth news, World Bank news, news about Asia business & economics, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
global economic landscapeAsia Times
•63% Informative
The World Bank concluded one of its periodic International Comparison Program ( ICP ) assessments the price survey which “officially” determines purchasing power parity GDP.
For the obsessives, China ’s lead versus the US expanded by 5.6% , India inched closer to China , Japan kept its ranking while sliding down a tick, Russia moved ahead of Germany , France ahead of the UK , Indonesia tumbled two places and Brazil rose one spot.
The United Nations System of National Accounts ( UNSNA ) provides voluntary guidelines and specifically states that nations should base their national accounts on local conditions.
Items like imputed rent, legal fees and R&D are now all included in GDP.
The affordability crisis in Western economies, the US in particular, is largely driven by inflation of necessary services rent, healthcare , education and childcare not by manufactured goods.
Han Feizi’s mental map of price and value has crumbled after shopping for cars for $ 20 a day and getting white glove customer service for the smallest of purchases.
The data released in 2024 was taken in 2021 ancient history in China .
The recent ICP adjustment of a few percentage points in China 's PPP GDP relative to the US elicited consternation.
VR Score
70
Informative language
73
Neutral language
18
Article tone
formal
Language
English
Language complexity
46
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links