More Chinese File Patents – Berto joins the crowd

More Chinese File Patents – Berto joins the crowd

Are patents indicative of Chinese Innovation?

Innovation is a primary source of national power. A country’s ability to develop new products and methods of production enables it to produce the goods desired by others. In turn, innovation creates wealth, leads to technological advancement, and fosters further innovation through the development of derivative products.

With over 1.3 million total applications, China processed 121 percent more applications domestically than the United States and 320 percent more applications than Japan in 2016.

According to the World Intellectual Property Organization (WIPO), Chinese applications for PCT patents increased from 782 in 2000 to 48,899 in 2017, overtaking Japan for the first time. China’s application volume is also ahead of Germany and South Korea and only remains behind the United States’ 56,680.

Berto #28: June 5, 2015: More Chinese File Patents – Berto joins the crowd

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