Clipping the dragon’s wings

Americans may well be delighted by new figures that show China’s GDP is 40% smaller than previously thought. Has the devious Beijing government been massaging the numbers, as communist planners are wont to do? Hardly. China’s GDP in yuan terms remains unchanged. What has happened is that the World Bank has changed the calculations it uses to make international comparisons of the size of economies.

The Financial Express
http://www.financialexpress.com/news/
Clipping-the-dragons-wings/254164/