Global demand for intellectual property tools soars, China driving growth: report


The number of trademark applications, which WIPO officials said has been used as an indicator of projected global economic activity, grew by a "stunning" 30 percent totaling 12.39 million, while the number of industrial design applications reached 1.24 million.
The number of China's trademark applications increased by about 55 percent, representing 46 percent of all trademark applications filed worldwide.
An estimated 9.11 million trademark applications covering 12.39 million classes were filed worldwide in 2017, marking the eighth straight year of growth.
The IP office of China had the highest volume of filing activity with a class count of around 5.7 million, followed by the US (613,921), Japan (560,269), the European Union Intellectual Property Office (371,508), and Iran (358,353).
China's IP office also received the highest number of patent applications in 2017, a record total of 1.38 million. Trailing China's IP office were the IP offices of the United States (606,956), Japan (318,479), South Korea (204,775), and the European Patent Office (166,585).
- China issues orange alert for Typhoon Matmo
- Xi, Bangladeshi president exchange congratulations on 50th anniversary of ties
- Vibrant China during holiday: Traditional culture meets tech
- China activates emergency response as Typhoon Matmo approaches
- Over 230 anticancer drugs feature in national medical insurance catalog
- South China provinces activate Level-IV emergency typhoon response