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China Now No.2 Can't-Miss Patenting Destination

The recently-released Global Patent Innovation Research Report 2016 reveals that China has become the target market for patent portfolio only second to the United States. Japan and the U.S. attach great importance to the Chinese market, owning one fifth (combined) of all invention patents granted in China.

The report summarizes the global patent innovation from 2008 to 2015 and makes a comparative study and analysis on the technological innovation of major tech-heavy countries in the world. The report notes that from 2008 to 2015, Chinese invention patents published and granted boasted annual growth rates of 20.97% and 22.48% respectively. Technological innovation in China contributes global patented technology innovation.

According to the report, from 2012 to 2015, China ranked the first in invention patents granted in 13 technological fields including measurement and organic fine chemistry out of all 35 fields classified by the World Intellectual Property Organization (WIPO).

The report finds that China still faces challenges in patented technology innovation though having become the second largest target market for patent portfolio. Problems such as discordance of patent quantity and quality, imbalanced development among regions require to be addressed. The report puts forward suggestions to solve these problems. Firstly, adhere to policy support and strategy guidance in order to improve the quality of technological innovation;secondly, encourage various regions across the country to conduct technological innovation and patent portfolio based on their regional advantages; thirdly, advocate in-depth exchange and cooperation between industrial and academic fields, promoting combination of production, teaching and research with respect to patents; fourthly, optimize the work on patent information, giving strong support for patented technology innovation.

The Global Patent Innovation Research Report 2016 is a significant research finding resulting from a special project of the State Intellectual Property Office (SIPO) entitled "Research on Global Technological Innovation Based on Patented Information". Since its debut in 2014, the report has provided important reference for following and understanding patent-related innovative activities in major countries in particular in China.

Source: China IP News