China’s patents grow
Print Edition
THE UN’s intellectual property agency says China is showing “quite extraordinary” growth in international patent applications, putting Chinese applicants on track to outpace their US counterparts within two to three years.
Francis Gurry, director-general of the World Intellectual Property Organization, said China posted a nearly 45 percent growth in such patent applications last year, saying: “The country continues its journey from ‘Made in China’ to ‘Created in China.’” Overall, the US was first for the 39th straight year and accounted for nearly 56,600 applications under the Patent Cooperation Treaty, followed by Japan at over 45,200 and China at nearly 43,200. China’s ZTE Corp in Shenzhen was the No. 1 applicant last year, topping crosstown rival Huawei. US-based Qualcomm was third.
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