China leads world in patent applications for fourth consecutive year

There were 928,000 patent applications for new inventions lodged in China last year, according to a Xinhua article citing data from China’s State Intellectual Property Office (SIPO).

This marked a 12.5 per cent increase on the amount of patents lodged in 2013 and was the fourth year in a row that China has led the world in terms of the number of patent applications lodged.

SIPO said that it approved 233,000 patents last year, 163,000 of which were domestic inventions.

Beijing, Guangdong and Jiangsu topped the list of provincial-level regions with the highest number of approved patents for new inventions.

Huawei and ZTE topped the list of domestic firms with the most patents for new inventions approved.