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China continues to top patent application list

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Core Tip:China handled more patent applications for inventions than any other country for the fifth yearrunning in 2015, official data showed Thursday.

China handled more patent applications for inventions than any other country for the fifth yearrunning in 2015, official data showed Thursday.

The country had over 1.1 million patent applications last yearup 18.7 percent year on year,according to figures from the State Intellectual Property Office (SIPO).

about 359,000 invention patents were authorized, 263,000 of which were granted to domesticapplicants, 100,000 more than in 2014, said Gong Yalinan official with the SIPOat a pressconference.

That brought the number of invention patents owned by every 100,000 Chinese to 6.3, Gongsaid.

Of all the invention patents authorized in 2015, 60.5 percent went to Chinese enterprisesanannual increase of 4.1 percentage points.

China's top oil-refiner Sinopec obtained 2,844 patentsthe most among all Chinese firms,followed by telecom giants ZTE and Huawei.

With the economy slowing and upgradinginnovation is being embraced by China as a newsource of growth.

Authorities have rolled out favorable policies to support high-tech companies and encourageinvestment into research and developmentIn late Octoberthe Communist Party of China madeinnovation one of five key concepts of development for the 2016-2020 period.

The number of patent applications filed by Chinese for inventions more than doubled in the pastfive yearsaccording to SIPO data.

Despite the overall increase in patent applicationsChina still lags behind foreign countries insome fieldsincluding optics and enginesGong said.

 

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