China again leads in patent applications
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.
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.