According to the World Bank, Chinas gross national income (GNI) in 2012 was $7,748.9 billion while its
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According to the World Bank, China’s gross national income (GNI) in 2012 was $7,748.9 billion while its PPP-adjusted (or PPP-implied) GNI was $12,435.4 billion (World Bank, World Development Report, 2014). Based on these numbers, what was the real exchange rate of the Chinese currency?
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