More on China, Currency Misalignment and Data Revisions
[?]
Submitted by Econbrowser
In a previous post on China’s currency, I focused on the implications of the ADB’s report on the new ICP analysis of PPP-based GDPs for misalignment estimates for China. Now, it’s time to look a bit more closely at why the data revision occurred.
From the World Bank’s Backgrounder FAQs [pdf] on the ICP:
