China’s move up the value chain continues, with news that patent applications from China rose 44 percent in 2005 to an estimated 2,452 (against international growth of 10 percent to 134,000), according to the World Intellectual Property Organization (WIPO). The US recorded the most applications, but China has overtaken Australia, Canada and Italy
The growth in patent applications is in line with China’s plan for developing into an “innovative nation” in the next 15 years, with up to 2.5 percent of GDP being invested in research and development.
With more R&D being driven by local interests, and as intellectual property (IP) becomes more important in the economy, a national IP strategy will also be developed.
While China has a plan (of course), many big international companies have already got the ball rolling – with the establishment of around 750 foreign-funded R&D centres. They have been set up by the likes of Microsoft, IBM, Motorola, Siemens, Nortel, GE, GM, Volkswagen and Honda.
China is already much more than just a cheap manufacturing base – it is also a cheap and effective place to do R&D. This sort of activity is set to expand as IP protection continues to improve.
China Business Services provides a range of strategy and IPR protection services in China. Contact us for details.>
See related news:
- China’s patent applications rocket in 2005
BusinessWeek – USA
3 11:20 AM ET The number of patent applications from China rocketed in 2005, boosting the country to 10th from 13th place in the number filed, the UN agency …
China unveils blueprint to become world power in S&T
Financial Express – Bombay,India
BEIJING, FEB 9 : China on Thursday unveiled an ambitious blueprint to become an ‘innovative nation’ in the next 15 years and a world power in the science …
Multinationals speed up R&D center establishment in China
China Daily – China
… including Microsoft, IBM, Motorola, Siemens, Nortel, GE, GM, Volkswagen and Honda have established research and development centers in China, the Ministry of …