Is the Renminbi Still Undervalued? Not According to New PPP Estimates

The World Bank released the latest purchasing power parity (PPP) estimates of GDP on April 30. These estimates are published once every 5 to 6 years, based on the elaborate survey of prices across the world conducted by the International Comparison of Prices (ICP) project. The latest estimates…

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Is the Renminbi Still Undervalued? Not According to New PPP Estimates