Having passed Germany (exports), Japan (gross domestic product) and the United States (auto sales) over the past year, China is now poised to lead the world in yet another category: patent application filings.
A new study released this week by Thomson Reuters says that by 2011 China will likely pass the United States and Japan in new patent applications.
With research and development spending rising here, and Beijing trying to encourage innovation, patent application filings in China are soaring.
In 2009, China filed about 403,000 patent applications, ranking third behind Japan, which led the world with 545,529, and the United States, which had 474,267 filings, according to Thomson Reuters.
From The New York Times
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