Unlike most other commenters here, I like this article and the general premise. I would be surprised if GDP in China increased so rapidly without also impacting PPP multiples, though. The article was a little light on this angle, but I would mentally adjust their number out to take into account the likely fact that increased GDP in China will continue to drive cost of living up. This pushes out the date a bit.
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Unlike most other commenters here, I like this article and the general premise. I would be surprised if GDP in China increased so rapidly without also impacting PPP multiples, though. The article was a little light on this angle, but I would mentally adjust their number out to take into account the likely fact that increased GDP in China will continue to drive cost of living up. This pushes out the date a bit.