China to Overtake US in PPP GDP: OECD

choi

(1) Tiffany Hsu, US Economy Will Fall Behind China and Even India, OECD predicts. Los Angeles Times, Nov 9, 2012.
http://www.latimes.com/business/ ... onomy-oecd-20121109,0,1576280.story
("As early as 2016, China’s economy will exceed that of the US" and that of Euro Area in a year)

Note:
(a) The report is based on

Looking to 2060: Long-term growth prospects for the world. OECD, undated
http://www.oecd.org/economy/econ ... s/lookingto2060.htm
(press release for Johansson A, Guillemette Y, Murtin F, Turner D, Nicoletti G, de la Maisonneuve C, Bagnoli P, Bousquet and Spinelli F, Economic Policy Paper no 3; A going for growth report. OECD, November 2012 (ISSN 2226583X))
(b) I browse through the full text. Except this point, otherwise the OECD Paper is quite ordinary.
(c) The report does not talk about Taiwan or South Korea.

(2) Shaila Dewan, An Innovator vs a Follower; Patent battle brews over Chinese rival of US-made tool. New York Times, Nov 9, 2012.
http://www.nytimes.com/2012/11/0 ... -chinese-rival.html

My comment: Just view photos (no need to enlarge) and read the first several paragraphs--and that is enough. I would rather wait for the outcome of the lawsuit. Besides, my reading the report suggests that it is Sears, with its house brand, Craftsman, that allegedly infringes the patent. Chinese manufacturer may well be a contractor of Sears.