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Business trends

China keeps global crown in patent applications

Close to 1.4m filings, it more than doubles second-place US

The World Intellectual Property Organization headquarters in Geneva, Switzerland.

GENEVA -- China was responsible for around 40% of the 3.17 million patent applications submitted worldwide last year, putting the country at the top for the seventh straight year and driving Asia's growing presence in the global intellectual property arena.

The World Intellectual Property Organization said Monday China's 1.38 million applications mark a new record, though the group did not give a year-on-year percentage increase due to changes in the way China's patent office counted filings.

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