PPP

PPP stands for Purchasing Power Parity（平价购买力）The theory that, in the long run, identical products and services in different countries should cost the same in different countries.

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This is based on the belief that exchange rates will adjust to eliminate the arbitrage opportunity of buying a product or service in one country and selling it in another. The theory only applies to tradable goods and services, not to immobile goods or local services. The theory also discounts several real world factors, such as transportation costs, taxes and transaction costs, and assumes that there is a competitive market for the goods and services in both countries.

购买力平价是一种根据各国不同的价格水平计算出来的货币之间的等值系数，以对各国的国内生产总值进行合理比较。

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