China’s new canal, Baltimore’s new bridge, and NYC’s wheelchair ramps: The GDP problem

China’s new canal, Baltimore’s new bridge, and NYC’s wheelchair ramps: The GDP problem

Inside China Business | February 10, 2026 Purchasing Power Parity is a tool to standardize GDP measures across economies, to account for large differences in cost in different countries. China is opening a new $10 billion canal, that will transform trade routes in Southeast Asia. The project includes 27 new bridges, and capacity for 5,000-ton cargo vessels that will dramatically cut shipping times and costs for China’s interior provinces. Closin…