China is taking over the patent world — This is what you need to know

China is taking over the patent world — This is what you need to know

August 19th, 2021 Patents — the currency for a nation’s development. Historically, innovation has been concentrated in the USA, the UK, Japan, Germany, and France. These countries accounted for approximately three-quarters of the global innovations between 1995 and 2014 and were responsible for the main part of R&D spending. However, in 2019, China overtook the…