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‘Innovation is shifting to East’ as China amasses patents: official
- Applications to recognise inventions rise 30 per cent last year, agency says
- The country is seeking to turn itself into an intellectual property powerhouse
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China approved about 700,000 patents for inventions last year, a 30 per cent increase compared to a year earlier, according to the China National Intellectual Property Administration.
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Administration head Shen Changyu said on Sunday that a total of 696,000 invention patents were authorised in 2021, an average of 7.5 of high-value patents per 10,000, or nearly double the ratio for 2017.
“China performed well in many segmented indicators … It indicates that China is transforming from an intellectual property importer to a major creator of intellectual property,” Shen said.
“It indicates the global geography of innovation is shifting to the East.”
China has stepped up efforts to transform itself into an intellectual property powerhouse over the past five years.
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