According to WIPO, the World Intellectual Property Organization, China’s requests are a new record
If patents are a good parameter for judging a country’s innovation, China is certainly among the most innovative. To say this is the data from the WIPO, the World Intellectual Property Organization, which found that in 2018 Chinese companies requested more than 1.5 million patents, setting a record and reaching 46.4% of the world total.
Moreover, WIPO online has stated that the number of documents from China has increased by 11.6% a year. Worldwide, however, the figure has risen by 5.2 percent to 3.3 million to rise for the ninth consecutive year with the top five patent offices accounting for 85.3 percent of all applications.
The other countries that have registered a high number of patents are the United States, with 597,141, 313,567 from Japan, 209,992 from South Korea and 174,397 from the European Patent Office. Asia, as a leader, led the way with a significant margin, contributing 66.8 percent of all deposits, up from 50.8 percent in 2008 thanks to economic growth in China.
Last year there were around 14 million patents valid worldwide
The United States remained the leader in filing abroad, presenting 230,085 international applications. Japan sent 206.739, Germany 106.753, South Korea 69.459 and China 66.429.
On a total level, adding up all the patents presented over the years, last year there were around 14 million patents valid all over the world, with an increase of 6.7 percent per year. The United States had a maximum of 3.1 million, China had 2.4 million and Japan had 2.1 million.
Last year Chinese companies also applied for brands for 7.4 million categories and 708,799 industrial design applications, ranking first in the world and representing 50% of their global totals.
Probably, this is the result of Beijing’s massive investments in the Made in China 2025 plan, which aims to drive the country to the hi-tech supremacy through digital innovation. Indeed, China’s growing capacity for innovation is driven by the increase in research and development (R&D) spending with local big players investing a huge amount of money to thrive in a rapidly changing industry.
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