China prints record of Global Patent Application Year 2016

Global patent applications reached record highs last year, where China leads with more apps than the United States, Japan, South Korea and the European Union combined, the United Nations said Wednesday (6/12).

About 3, 1 million patent applications filed worldwide last year, rising for the seventh year in a row and marking a 8.3 percent increase from 2015, according to the World Intellectual Property Organization (WIPO).

"This figure is truly beyond "said WIPO chief Francis Gurry told reporters in Geneva.

China received about 236,600 from nearly 240,600 additional patents, which accounted for 98 percent growth, the UN agency said.

" The latest figures that record an increase in demand for rights intellectual property confirms the trend of a decade, where developments in China are increasingly prominent in total worldwide, "said Gurry.

" China is increasingly leading the way in innovation and branding bales. "

Overall, the State Intellectual Property Office of China received 1.3 million patent applications last year.

In second place, the US Patent and Trademark Office is lagging far behind, receiving 605,571 applications, followed by Japan with 318,381. [as]