China again leads in patent ap­pli­ca­tions

China Daily (Canada) - - FRONT PAGE -

China recorded 928,000 in­ven­tion patent ap­pli­ca­tions in 2014, more than any other coun­try for the fourth con­sec­u­tive year, ac­cord­ing to data re­leased by the State In­tel­lec­tual Prop­erty Of­fice.

The of­fice found that about 663,000 in­ven­tions had high qual­ity and mar­ket value. About 4.9 patents per 10,000 pop­u­la­tion were filed, ac­cord­ing to the data.

In 2014, about 485,000 in­ven­tion patent ap­pli­ca­tions were filed by en­ter­prises, more than the num­ber filed by in­di­vid­u­als, academies or re­search in­sti­tutes.

Mar­ket in­sid­ers said eco­nomic growth, as well as higher de­mand from in­dus­try and in­di­vid­ual con­sumers, have pushed up the num­ber of in­ven­tions.

NED LI / FOR CHINA DAILY

A child en­joys a fun mo­ment with a gi­ant dragon at the 16th Chi­nese New Year cel­e­bra­tion held in Lake­for­est Mall in Gaithers­burg, Mary­land, on Satur­day.

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