According to One Key Measure, China Just Increased Its Innovation Lead Over The US

by akoloy


China, which final 12 months overtook the United States because the world’s high filer of worldwide patents, a key measure of technical innovation, elevated its lead considerably in 2020, the UN said Tuesday.

 

Even as COVID-19 took an enormous human and financial toll, worldwide patent purposes continued to develop strongly, with China main robust positive factors from Asia.

A document 275,900 worldwide patents had been filed in 2020, marking a four-percent hike over 2019, the UN’s World Intellectual Property Organisation stated in its annual report.

“Innovation remains resilient,” WIPO chief Daren Tang told reporters.

He confused although that the filings in 2020 primarily mirrored improvements and innovations made previous to the pandemic, because it takes a few 12 months for purposes to make their methods via the system.

But the expansion in patent filings ought to nonetheless be seen as a constructive sign, based on WIPO.

“The fact that there wasn’t a sharp cut-back in international patenting suggests that companies continued to invest in the commercialisation of their technologies during the pandemic,” WIPO chief economist Carsten Fink told reporters.

By comparability, he stated, worldwide patent filings plunged almost 5 % through the world monetary disaster in 2009.

‘Very excessive’ China progress

WIPO’s complicated system of registering worldwide patents includes a number of classes.

In the principle class – the Patent Cooperation Treaty, or PCT – China remained on the high of the rating with 68,720 filings.

 

That marks a leap of greater than 16 % from 2019, when China handed the United States.

At that time, it was forward by simply over 1,000 purposes but it surely has now expanded its result in almost 10,000.

In 2000, China made simply 782 worldwide patent filings.

“The growth rate in international patent applications from China has been very high,” Fink stated.

The United States in the meantime additionally elevated its worldwide filings, by three %, to 59,230.

China and the United States had been adopted by Japan, South Korea and Germany because the world’s high patent filers, WIPO stated.

The United Nations company highlighted vital progress in purposes by a number of smaller filers as properly.

Saudi Arabia, for example, noticed its worldwide patent purposes balloon final 12 months by over 73 % to 956, whereas Malaysia, Chile, Singapore and Brazil additionally made huge advances.

WIPO’s report confirmed Asian-based candidates accounted for 53.7 % of all filings, up from 35.7 % a decade in the past.

For the fourth consecutive 12 months, China-based telecoms big Huawei Technologies topped the worldwide rating in 2020, with 5,464 PCT purposes.

It was adopted by Samsung Electronics of South Korea, with 3,093; Mitsubishi Electric Corp. of Japan, with 2,810; South Korean LG Electronics at 2,759 and Qualcomm of the United States at 2,173.

Computer expertise accounted for the most important share of printed PCT purposes, with 9.2 % of the entire, adopted by digital communications and medical expertise.

This shouldn’t be essentially linked to the COVID-19 influenced realities of 2020, Fink stated, including that the 2021 filings ought to present extra perception into pandemic-fuelled expertise tendencies.

“These patents relate to pre-pandemic innovations so this is not a story about how the crisis has affected the direction of innovation,” he stated.

© Agence France-Presse

 



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