China Patents Ranked No. 1 | Only 5% Are Foreign Applications

According to a report released on December 6 by the World Intellectual Property Organization (WIPO), the number of applications for patents, trademarks and industrial designs hit record highs last year, of which China surpassed the number of patent applications filed by the United States, Japan, South Korea and the European Patent Office The world's No. 1. The organization said China is gradually becoming a leader in global innovation and brand.But 95% of China's patent applications are made at home and only 5% are filing abroad.

According to WIPO's annual World Intellectual Property Indicators (WIPI) report, 3.1 million patent applications filed by innovators around the world increased by 8.3% in 2016, the seventh consecutive year of sustained growth, Of the 240,600 patent applications filed in China recently, 236,600 were accepted, accounting for 98% of the total. The number of trademark applications jumped to 16.4% to about 7 million and the number of applications for global industrial designs increased by 10.4% to nearly 100. Two The growth of both are driven by Chinese factors.

Francis Gurry, the director-general of WIPO, said the latest figures show a rise in demand for intellectual property, confirming a ten-year trend that China's development is increasingly reflected in the total number of IP applications worldwide and China is gradually becoming a leader in global innovation and brand.

The United States continues to be the leader in foreign patent applications, with the U.S. filing patent applications abroad four times as many as those in China, followed by Japan, Germany and South Korea after the United States pointed out that about 95% of China's patent applications are filed locally Only 5% are applying abroad.

Gurry pointed out that foreign applications reflect the internationalization of IPR protection and pass on the willingness to commercialize technology in foreign markets. In view of the high cost of applying for a patent, the patent for which the applicant sought international protection may have Higher value.

As a global forum dedicated to the promotion of IP policies, services, information and cooperation, the World Intellectual Property Organization (WIPO), a specialized agency of the United Nations, assists its 191 member states in developing a balanced legal framework for international intellectual property , To meet the continuous development of society needs.

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