China to lead global innovation by 2012
February 2009
The Thomson Reuters World IP Today report: Patented in China—The Present and Future State of Innovation in China, predicts that China will overtake Japan and the United States to be the world’s leading innovator by 2012.
The World IP Today report, published in December 2008, looks at current patent trends and speculates how the world of patent information will look in five years. Patent volumes and trends are explored, as well as the underlying causes of increased innovation in China, including economic and government policy factors.
"Findings from the report indicate that China's economy has shifted focus, moving away from traditional agriculture and manufacturing toward innovation-oriented activities," said Bob Stembridge, co-author of World IP Today and manager, customer relations, the Scientific business of Thomson Reuters. "In essence, China has increased its overall research and development budget for the country, introduced tax breaks and monetary incentives to increase indigenous innovation and continued investing in the nation's academic institutions, which have become a driving force behind Chinese patenting."
Download the full report
Listen to Bob Stembridge present the report results
Further reading
Download the full report
Listen to Bob Stembridge present the report results
One in a million - China provides the millionth DWPI record for 2008
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