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China Leads Patent Trend !
The Register brings our attention to the fact that China (traditional perceived as the home of the cheap knock-off) is now moving "from copycat to innovator" according to statistics from the World Intellectual Property Organisation, which collects data from the Patent Cooperation Treaty (PCT). In 2010, East Asia overtook North America and Western Europe to become the subregion accounting for the most PCT filings, while the economic downturn caused a slowdown in the traditionally patent-prolific West. WIPO's report can be accessed HERE. WIPO points out in particular that from 2002 to 2010, the average annual growth rate of East Asia was 15.1 per cent, compared to 1.1 per cent for North [...]
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- Subject : Economics - IP Field : Industrial Property