China Leads World in Patent And Trademark Filings
Los Angeles – Research conducted by Thomson Reuters finds that China is the worldwide leader in patent and trademark filings. Thompson Reuters analyzed patent and trademark application filings, examined real-world trademark and copyright infringement issues, compared national government policies, and evaluatedlong-term innovation strategies for intellectual property growth. They concluded that China is not only presently a worldwide center for intellectual property protection, but will continue to be so in the future.
China’s published patent filings have increased by 16.7% between 2005 and 2010. The number of patent applications predicted to be filed in China this year will secure its position as the world leader in patent application volume. By 2015, it’s expected that China will publish 493,000 patent applications a year.
China’s growth in trademarks has swelled since 2000 with a 450 percent increase in trademark applications filed. Global multinational companies have seized upon China’s consumer growth and represent the top 20 trademark fliers since 1976. Since 2006, there has been an 80 percent increase in published scientific literature from China, placing it second to the United States for scientific literature output. Comparatively, during the same time period, the United States has had only a five percent increase in scientific literature output.
However, not all the news is as positive on the intellectual property front in China. While foreign companies have been willing to invest in protecting their intellectual property in China, Chinese companies have been more hesitant. Currently, only 5.6 percent of Chinese companies own global patents to protect their inventions as opposed to the 48.8 percent in the United States and 38.7 percent in Japan. Further, companies in China have been slow in developing their own innovation. Analysis shows that the most innovative companies in the world still reside in the United States, Europe, and Japan.
The research from Thomson Reuters illustrates that while Chinese companies lags behind in creating innovation and protecting their inventions outside of China, the huge potential and growth in the Chinese market has resulted in an intellectual property boom in China. The Chinese government has invested massive financial support in intellectual property to transition China from “Made in China” to “Designed in China.” The Five-Year Plan for Economic and Social Development, announced earlier this year by the Chinese government, focuses on transforming China from a manufacturing economy to an innovation economy.
David Brown, President of the IP Solutions business of Thomson Reuters commented on China’s future,”Intellectual property is the bridge that connects innovation with economic growth. We’ve taken on this research as a means of identifying the point where innovation and creativity meet marketability, thus setting the stage for sustained economic development. By closely examining a wide variety of metrics, we can see China is clearly on that path, but there are significant milestones yet to be attained.”
Posted in: Patent Registration