China's economy has been super beautiful for two years according to purchasing power parity

laudatory name According to purchasing power parity in China's economy two years, the U.S. experts refute that China's "per capita" indicators are still far behind the report (reporter Shen) China's economic development how long to catch up with the world's eldest-the United States?　　The latest report, released yesterday by the new york-based consortium of World Enterprises, gives a surprising answer: just two years.　　Although China's gross domestic product of around $5 trillion trillion is still a big gap from the US $15 trillion trillion, the report notes that if another metric-purchasing power parity factor is used, China's economy will overtake the US by 2012. A simple example of the "Big Mac Index" created by the British economist is the PPP index, which is the equivalent of a currency based on different levels of price.　　If a McDonald's sales of the Big Mac in the United States price is 2 U.S. dollars, and in China is 10 yuan, then the dollar and the renminbi PPP exchange rate is 1:5. According to the International Monetary Fund's PPP-adjusted GDP rankings in 2009, the United States topped the list with 14.2563 trillion U.S. dollars, while China followed the 8.7652 trillion dollar.　　Clearly, this gap is less than the real gap between the two countries ' GDP. The World Large Enterprise Federation report predicts that U.S. economic growth will slow by nearly 1.5% in 2011, expected to be only about 1.2%, affected by falling consumer, corporate and government spending. China's economy is likely to grow by 9.6% in 2011, after maintaining a 10% growth rate this year.　　By 2020, China could share nearly 1/4 of the global economy, while the US would account for 15%. Some experts believe that the World Federation of Large Enterprises, the results of this prediction is unscientific. "First of all, people in different countries have different valuations for the same commodity, and one commodity may be considered a luxury in one place and a common commodity in another."　　"The difference will lead to a bias in purchasing power parity," said Mei Xinyu, an expert on foreign trade at the Ministry of Commerce. Mei Xin-Yu thinks, for example, in the measurement of Chinese and American purchasing power parity goods and services "basket" should consider the different lifestyles of the two countries, such as the U.S. daily consumption of meat, milk accounted for a larger proportion of living area far larger than China's per capita area of objective factors should be taken into account "There is a problem with the computational methods used in the report, which were too fast to overtake the US in 2012, even at purchasing power parity." Zhongqing, director of the Beijing WTO Affairs Center, said that, in fact, by using purchasing power parity GDP to compare the Chinese and American economic level is not significant, the key is to see "per capita" level. According to the International Monetary Fund, US GDP per capita was around $46000 trillion in 2009, while China was less than $4000 trillion.