China received more patent applications in 2016 than the combined total applications of the US, Japan, South Korea and the European Patent Office, according to the World Intellectual Property Office’s annual report. Worldwide filings in general surged for the year, increasing by 8.3%, the seventh consecutive annual increase.
China accounted for an eye-popping 98% of total growth. China’s State Intellectual Property Office received a record total of 1.3 million patents for the year, followed by the US Patent and Trademark Office at 605,571, the Japan Patent Office at 318,381, the South Korean Intellectual Property Office at 208,830 and the European Patent Office at 159,358.
In addition, trademark applications rose by 16.4% to about 7 million, and worldwide industrial design applications grew by 10.4% to close to 1 million; both categories were also driven by growth in China. China’s office had the highest volume of trademark filing activity with a class count of around 3.7 million, followed by the US at 545,587, Japan at 451,320, the EU at 369,970 and India at 313,623.
China’s office received applications for global industrial design filing activity containing 650,344 designs in 2016, or 52% of the world total. The EU followed with 104,522, then South Korea (69,120); Germany (56,188) and Turkey (46,305).
China’s new three-child policy highlights risks of aging across emerging Asia
Thailand’s (Baa1 stable) total dependency ratio is set to jump nine percentage points to 51% by 2030 – a faster increase than China’s – which will pressure public and private savings through higher taxes and social spending, reducing innovation and productivity gains.
Population aging in China (A1 stable) and other emerging markets in Asia will hurt economic growth, competitiveness and fiscal revenue, unless productivity gains accelerate, according to a new report by Moody’s Investors Service.(more…)
Clear skies over Asia’s new foreign investment landscape?
Compounding the fallout of the US–China trade war, the global pandemic and recession have caused considerable speculation on the future of foreign investment and global value chains (GVCs). But though there is likely to be some permanent change, it will probably not be as great as politicians expect.(more…)
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