China has solidified its position as the world's innovation powerhouse, topping global Patent Cooperation Treaty (PCT) applications for the fifth consecutive year, according to World Intellectual Property Organization (WIPO) chief Daren Tang. The announcement came during the 2024 AIPPI World Congress in Hangzhou, a city now buzzing with 2,300 IP experts from 92 countries and regions.
Here’s the tea: Back in the ’90s, China filed just 100 international patents annually. Fast-forward to 2023, and that number skyrocketed to 70,000—a glow-up that’s got everyone talking. Tang called the congress’s China debut a “milestone,” while AIPPI President Shoichi Okuyama praised the country’s “rapid growth” in tech innovation.
China’s IP game is stronger than ever—it’s the first country to surpass 4 million valid domestic invention patents. From AI to green tech, its filings under global systems like the Hague and Madrid frameworks are crushing the competition.
Why it matters: This isn’t just about patents. It’s a signal of China’s expanding influence in shaping tomorrow’s tech landscape. With Hangzhou (hello, Alibaba hometown!) hosting this mega-event, the message is clear: Innovation East is booming.
Reference(s):
China leads world in PCT patent applications for 5 years: WIPO chief
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