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China patent applications as much Japan, Korea and US combined

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Tinuku ~ China filed more patents than ever before as the company pushed to innovate and protect the brand. Chinese companies and research institutes propose about 38.1 percent of total worldwide patents by 2016. More than 1 million patent applications in a year or nearly as many combine applications of Japan, South Korea and the United States.

Tinuku China patent applications as much Japan, Korea and US combined

More and more Chinese companies rely on technological innovation to drive their growth and profitability than ever before. They have a clear strategy for managing and protecting intellectual property rights as they grow business abroad.

They proactively seek advice from experienced patent lawyers to avoid lawsuit infringement through initial analysis prior to product launch. Some also gain competitive advantage through patent fences before entering overseas markets.

IP Facts and Figures 2016 by the World Intellectual Property Organization (WIPO) says the world's patent filings are dominated by China, the United States, Europe, Japan and South Korea covering four-fifths of the world's volume. China filed about 38.1 percent of patents or higher than the 20.4 percent filed by the U.S.

Approximately 2.9 million patent applications are filed worldwide by 2015 or up 7.8 percent from 2014 and China accounts for 84 percent of total growth. By 2015, Chinese companies are filing more than 1 million patent applications in a year or nearly as many as Japan, Korea and the US combined applications.

Huawei Technologies, China's largest maker of telecom and smartphone equipment, is a patent applicant for Patent Cooperation Treaty (PCT) for year of 3,898 applications, while Qualcomm is second with 2,442 applications.

Important factors are China's economic growth and changes in innovation that lead to awareness and general participation in the global intellectual property system. In October 2015, policy makers identified innovation as one of China's five key targets by 2020.

Tax deductions and other incentives to support the filing of patents by Chinese entities in return for patent grants. Another factor is that global companies are increasingly looking for security in China to reduce the risk of future violations and secure China as a market for manufacturing and selling core technologies.

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