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Tuesday, December 15, 2015, 10:10

Patent: China beat US, Japan in 2014

By Associated Press

Patent: China beat US, Japan in 2014

GENEVA - The World Intellectual Property Organization said Monday that China posted patent applications at a record pace last year.

In a numbers-and graphs-rich survey that's aimed at pinpointing the state of play worldwide in patents and trademarks, as well as more specific areas like industrial design and "plant variety" applications, the Geneva-based body said China's patents increased by 12.5 percent in 2014 to 928,000. China's total outstripped the combined total emanating from the US and Japan.

At a news conference timed for the presentation of the annual "World Intellectual Property Indicators" report, WIPO Director-General Francis Gurry marveled at China's "extraordinary" numbers.

He noted strategic decisions by Chinese leaders supporting patent applications in areas like telecommunications and solar power.

The US had the second-most patent applications at 578,000 while Japan came in third with 325,000. Japanese companies, led by Panasonic, made up seven of the top 10 applicants. Korea's Samsung was third and US-based IBM eighth.

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