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).
Will Myanmar’s coup help China influence ASEAN?
The Myanmar crisis is becoming increasingly tragic, with the military’s use of lethal force now killing over 60 protestors.
Rapid growth in China post-COVID makes it ripe for investment
Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.
In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.
Mainland China is in no position to take Taiwan by force
Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.
The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.
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