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Business trends

China rises to No. 2 in global patent filings

East Asian companies dominate rankings as locus of innovation shifts from West

China's ZTE filed the second most patent applications with the World Intellectual Property Organization in 2017, behind only compatriot Huawei.   © Reuters

BASEL, Switzerland -- China became the second-largest source of patent applications worldwide in 2017, surpassing Japan to solidify its place as an intellectual property powerhouse on the tail of the U.S., the perennial leader.

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