GENEVA: China was the biggest source of applications for international patents in the world last year, pushing the United States out of the top ...
GENEVA: China was the biggest source of applications for international patents in the world last year, pushing the United States out of the top spot it has held since the global system was set up more than 40 years ago, the UN patent agency said on Tuesday .
More than half of patent applications - 52.4 per cent - now come from Asia, with Japan ranking third, followed by Germany and South Korea. WIPO's head, Francis Gurry, told a news conference China's success was"down to a very deliberate strategy on the part of Chinese leadership to advance innovation and to make the country a country whose economy operates at a higher level of value."It is working, and intellectual property is certainly part of that strategy. I would put it down to that broad movement towards becoming a higher-value economy," he said.
The United States has called on countries to ban Huawei equipment from new mobile phone networks, arguing that its technology could be used by China for spying. Huawei denies that its technology poses a security risk.
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