Evaluating currency strength
I’m gathering English sources to compare the purchasing power of the RMB in China and the USD in the US, including PP factors and indices.
Opening the World Bank PPP page
Starting by looking into China's PPP conversion factor, since the US's factor isn't yet examined.
Revisiting strategies
I’m thinking about opening the file with '?downloadformat=csv' or exploring other sources instead of focusing solely on PPP factors.
Evaluating World Bank data
I'm figuring out the challenge of retrieving numeric figures from the World Bank site due to restrictions. Considering alternative sources to streamline the process.
Examining economic indicators
I'm evaluating the cost-of-living and purchasing power indices to compare the purchasing power of the Chinese and US currencies, focusing on goods within their respective countries.
Evaluating relative costs
Interestingly enough, I’m looking at the price differences between the US and China, factoring in PPP conversion and local purchasing power.
Evaluating script limitations
Taking a closer look at the constraints imposed on the interactive script, it seems external databases or internet requests might also be restricted.
Analyzing currency value
OK, let me see: The Big Mac index in China is about 3.52,whileintheUSit′s5.79. This suggests the Chinese yuan provides more burger value than the US dollar.
Evaluating PPP conversion
I’m pulling together the World Bank PPP conversion factor for China in 2023, which is at 4.18, to inform our discussion.
Journeying through the column
OK, let me see. Scrolling to the China row, I notice it’s quite distant, likely after Chile. This progression highlights the challenge of locating specific data.
Evaluating static options
I'm gathering info on using static values from credible sources instead of a dynamic site interaction. Progress is steady, considering a search for China's PPP conversion factor.
Evaluating data sources
I'm piecing together the challenges of World Bank data and considering static tables from the "Penn World Table 10.01" for approximate PPP factors.
Analyzing PPP and economic data
I’m examining PPP conversion factors, inflation, and purchasing power in economies like the US and China, using data from sources such as the World Bank and OECD for a comprehensive analysis.
Focusing on influential factors
Now I'm thinking about the significance of China's average inflation. Considering factors like the relative index and potential deflation influences, I plan to gather more data.
Examining purchasing power
Crafting an analysis includes definitions, methodology, and findings on PPP conversion, cost of living, wage levels, and inflation trends, leading to insights on currency strength and local purchasing power.
Looting
Mapping out options
I'm thinking about China for 4.21. Relying on a rough estimate for now.
Assessing data source
I'm gathering data from various sources to estimate China's PPP factor for 2023. Consulting the World Bank's PPP conversion factor for GDP is suggested to ensure accuracy.
Insightful reaction
Pondering the output's limiting effects, I'm thinking about testing with a longer query.
Evaluating options
I'm thinking about using other sources like research papers or worldeconomics.com for reliable data, while considering cross-origin or blocked issues.
Focusing on progress
Revisiting the search to find effective solutions.
Refining search_query
I’m refining the search_query format by using a list of objects instead of a single object. This ensures alignment with expected domain restrictions.
Identifying wage comparisons
I'm gathering China's average worker earnings from OECD data and approximating US wages using BLS, focusing on USD and PPP insights.
Gathering data
Comparing PPP, Big Mac prices, local purchasing power, and inflation rates between China and the US to estimate the cost of living. The goal is to derive meaningful insights from these economic indicators.
Reasoned for 3m 51s