China's patent applications up 30% this year

14:21, March 16, 2010      

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China is now ranked 5th worldwide for the number of patent applications after seeing 30 percent increase from the previous year, according to the statistics on 2009 patent applications released by the World Intellectual Property Organization (WIPO).

China's rise in patent applications outstrips every other major country in the world. ZTC Corporation saw the largest increase in patent applications in 2009 with growth of more than 50 percent.

Globally, patent applications dropped for the first time in 30 years as a result of the financial crisis. According to the WIPO’s statistics, it received a total of 155,900 global patent applications in 2009.

By People's Daily Online
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