TruthSeeker
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Well, there are several issues here. I think patents must be a relatively new equity for China. How strong will the Chinese courts support the concept of a patent as an intellectual "property"? Will they allow a foreign inventor/patent owner to prevail over a Chinese company that is infringing the foreigner's patent? What role will GoC financial ownership or support of research play? In the USA if the US Government supports financially work that becomes a patent, then the use of that invention becomes "free" to the US Government and any vendor it chooses. So, the 1400% increase in Chinese patent applications may be the first wave of inventors/companies hedging their bets to see if China is really going to protect intellectual property. Companies may figure they better file and see.
If patents are meaningfully enforced in a country, then the numbers of filed and issuing patents becomes a meaningful "proxy" measure for innovation in that country's market. But, because patenting is itself expensive, this track record of patent value or necessity has to be established before it is a useful measure of commercially important technical activity and prowess.
IMHO, TS
If patents are meaningfully enforced in a country, then the numbers of filed and issuing patents becomes a meaningful "proxy" measure for innovation in that country's market. But, because patenting is itself expensive, this track record of patent value or necessity has to be established before it is a useful measure of commercially important technical activity and prowess.
IMHO, TS