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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

What are Thailand’s options as trade war escalates?

One year after the tit-for-tat trade battle began, US exports to China have declined by 38% while China’s exports have fallen by 13% in the face of higher US tariffs. Both economies are suffering from the trade war.

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As the intensifying US-China trade war plunges the world into an economic slowdown, Thailand urgently needs to review trade policies to save its export-dependent economy.

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China

Thailand awarded Weibo 2019’s most popular destination

Chinese tourists are beginning to move from mainstream cities to emerging travel destinations; such as, the second tier cities, and the Tourism Authority of Thailand (TAT) hopes to provide Chinese tourists with quality information services

Tourism Authority Thailand

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Thailand was recently awarded as one of the “most anticipated and popular outbound tourist destination of 2019” due to its high-quality content and high click-through on the Weibo Page.

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Banking

Could China’s financial repression be good for growth?

China’s financial reform and development over the past four decades could be described as strong in establishing financial institutions and growing financial assets, but weak in liberalising financial markets and improving corporate governance.

East Asia Forum

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When China began economic reform in 1978, it had only one financial institution — the People’s Bank of China. As a centrally planned economy, the state arranged the transfer of funds and there was little demand for financial intermediation.

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