Global patent filings hit record highs in 2016 with china says United Nations

Vastavam web: Global patent filings hit record highs last year, with China leading the charge, receiving more patent applications than the United States, Japan, South Korea and the EU combined, the UN said today.Some 3.1 million patent applications were filed worldwide last year, rising for the seventh straight year and marking an 8.3-percent hike from 2015, the World Intellectual Property Organisation (WIPO) said.”The latest figures charting a rise in demand for intellectual property rights confirm a decade-long trend, where developments in China increasingly leave their mark on the worldwide totals,” Gurry said.
“China is increasingly amongst the leaders in global innovation and branding.” Overall, China’s State Intellectual Property Office received a record total of 1.3 million patent applications last year.When it comes to patent filings abroad meanwhile, US residents clearly topped the list, filing 215,918 applications in other countries, followed by Japan, Germany and South Korea.US foreign filings were more than four times as many as the 51,522 filed by Chinese citizens abroad, WIPO said.China was also behind ballooning numbers of global trademark and industrial design applications last year, WIPO found.
Trademark filings swelled 16.4 percent from the year before to around seven million, and have increased three-fold since 2001, “reflecting the importance of protecting branding assets in today’s business environment,” Gurry said.With 3.7 million registrations, China accounted for more than half of last year’s trademark filings.