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China leads world in patent applications

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

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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).

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China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

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Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

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Thailand ready to ink big Chinese-backed trade deal

The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Olivier Languepin

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Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

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Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

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Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

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