Engineering
8 years ago

China's Exchange Rate Reform Urged to Align with Purchasing Power Parity

Journal of Pingdingshan University
The Substantial Evidence of the Theory of Purchasing Power Parity in China and Its Enlightenment to Reform the Exchange Rate
Xiaoguang Wang

Paper Summary

The article discusses the theory of Purchasing Power Parity in China and suggests reforms to the exchange rate. It analyzes different methods of estimating purchasing power parity and explains the reasons for the deviation between the official exchange rate and the actual purchasing power parity. The main goal is to provide insights on how to apply purchasing power parity in China and propose reforms to the exchange rate system.

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