1. so the purchasing power parity is a really interesting way to look at things, it first assumes that the two nations currencies are equal on the world market. and then it sees how much those same currency rates will buy in their own country. while ignoring taxes (import, export, and sales), and local pricing differences on goods. the more I look at it the less I understand what it is actually telling anyone. seems like a real good case of lies, damn lies, and statistics.
Purchasing power parity (PPP) compares economic growth and standards of living in different countries with a common currency/basket of goods approach.
www.investopedia.com
"That is, PPP is the exchange rate at which one nation's currency would be converted into another to purchase the same and same amounts of a large group of products"
2. oil and gas, the G7 has NEVER been a key figure in the O&G production side of things.
3. the food metric is again a case of lying through statistics. China, India, and Russia are NET food IMPORTERS. Note India is technically a net exporter because of the beef they don't eat, but do export. So if trade shut down they would have to start eating their sacred cows to stay alive.
"The end result of these processes is that five countries (China, Korea, Japan, Russia and Saudi Arabia) are responsible for about 40% of food net imports and seven countries (Argentina, Australia, Brazil, Canada, New Zealand, Thailand and USA) account for about 55% of total food net exports"
4. geography is geography and whats kinda funny is the trade routes they mention generally only matter to the developed nations, or at least matter more. in a non-western centered trade economy those trade routes aren't nearly as useful/important.
5. cool they have goals
6. geography...all those routes are land routes, remember what I said about #4?
7. China playing the victim card right after they publish a map claiming land from 3 other BRICS members. Imperialism isn't going anywhere.