World Intellectual Prop Org: Rise of China as World's Largest IP Powerhouse

[brokk]

In theory buying and selling in local currencies between Turkey and Russia exists in the last 5 or so years, however I have yet to see or hear how to do this in practice, you can't really sell in Rubles, or buy in Turkish Liras. A Russian bank (Sberbank) bought a Turkish bank (Denizbank) a while back however that didn't improve anything just some less percentage in transfers from those with Sberbank accounts....

Hopefully they will get this thing to work fast as the exchange rate between say the Ruble and Turkish lira doesn't jump as much as it does in comparison to say RBL to USD, or TRY to USD. ( it is generally around 1 TRY ~ 17-21 RBL's mark the last 7 years )

 

[TaiShang]

http://www.globaltimes.cn/content/1021507.shtml
China needs to boost innovation to move from ‘world’s factory’ to manufacturing power
By Hu Weijia Source:Global Times Published: 2016/12/2 0:28:39

China's reputation as the world's factory means it may come as a surprise that the country spends almost twice as much on integrated circuits (IC) from overseas than it does on crude oil. That would be no big deal if China didn't import a lot of oil, except that it does. In the first 10 months this year, the country spent $92.6 billion on crude oil imports, eclipsing the US as the world's top buyer of foreign oil in certain months, according to customs data.

Meanwhile, overseas companies producing and selling IC took $181.4 billion out of China's wallet, causing a huge trade deficit in the industry, per customs statistics.

China needs to urgently boost its IC industry and encourage core-technology innovation in the manufacturing sector to strengthen competitiveness. Despite the fact that products marked "Made in China" are sold in almost every corner of the world, it seems that the country still has a long way to go before it becomes a real global manufacturing powerhouse.

For example, Chinese drone maker DJI alleges that its products account for 70 percent of the global consumer drone market. However, media reports have said that although domestic components are largely used by the high-tech company, some of its drones with a particular camera need to use a sensor provided by Japan's Sony Corp to improve their performance.

China has become the world's largest exporter of goods, but many key components with high added value are still produced by foreign companies. This allows multinational firms from countries like the US and Japan to earn a large amount of money from the Chinese market, while at the same time authorities in those countries criticize China for registering a trade deficit with them.

China is the only country in the world that boasts all the industries defined in the UN's industry classification system. However, it is obvious that some foreign enterprises still hold a strategic piece of the industrial chain and that China will remain an assembly line for overseas high-tech firms if the country doesn't pursue a path of independent innovation. A complete industrial chain built in the country could help manufacturers improve efficiency and reduce costs.

China's IC industry has for many years been struggling to catch up, yet Japan, South Korea and the US still take the lead, despite competitiveness from enterprises in Southeast China's Taiwan. China to an extent lags behind other countries in providing State support and funding to the IC industry. To rectify this, the government should focus more on boosting innovation for key components to upgrade its manufacturing sector.

China needs to urgently boost its IC industry and encourage core-technology innovation in the manufacturing sector to strengthen competitiveness. Despite the fact that products marked "Made in China" are sold in almost every corner of the world, it seems that the country still has a long way to go before it becomes a real global manufacturing powerhouse.

This explains the fact that China is a developing country. It still lacks indigenous knowledge and manufacturing chains on certain key industries. The time lost must indeed be immense; while others were busy developing, China was busy nation building and unification.

http://www.appliedmaterials.com/nan...stment-fever-kicks-ic-industry-into-high-gear

"The chip industry in China is facing a dilemma. While the nation currently consumes about half the world’s roughly US $350 billion in chips,[1] fabs in China only account for 2.5% of worldwide IC revenue. Chips are China’s biggest import, surpassing even oil."

 

[Shotgunner51]

 

[Jlaw]

http://www.globaltimes.cn/content/1021507.shtml
China needs to boost innovation to move from ‘world’s factory’ to manufacturing power
By Hu Weijia Source:Global Times Published: 2016/12/2 0:28:39

China's reputation as the world's factory means it may come as a surprise that the country spends almost twice as much on integrated circuits (IC) from overseas than it does on crude oil. That would be no big deal if China didn't import a lot of oil, except that it does. In the first 10 months this year, the country spent $92.6 billion on crude oil imports, eclipsing the US as the world's top buyer of foreign oil in certain months, according to customs data.

Meanwhile, overseas companies producing and selling IC took $181.4 billion out of China's wallet, causing a huge trade deficit in the industry, per customs statistics.

China needs to urgently boost its IC industry and encourage core-technology innovation in the manufacturing sector to strengthen competitiveness. Despite the fact that products marked "Made in China" are sold in almost every corner of the world, it seems that the country still has a long way to go before it becomes a real global manufacturing powerhouse.

For example, Chinese drone maker DJI alleges that its products account for 70 percent of the global consumer drone market. However, media reports have said that although domestic components are largely used by the high-tech company, some of its drones with a particular camera need to use a sensor provided by Japan's Sony Corp to improve their performance.

China has become the world's largest exporter of goods, but many key components with high added value are still produced by foreign companies. This allows multinational firms from countries like the US and Japan to earn a large amount of money from the Chinese market, while at the same time authorities in those countries criticize China for registering a trade deficit with them.

China is the only country in the world that boasts all the industries defined in the UN's industry classification system. However, it is obvious that some foreign enterprises still hold a strategic piece of the industrial chain and that China will remain an assembly line for overseas high-tech firms if the country doesn't pursue a path of independent innovation. A complete industrial chain built in the country could help manufacturers improve efficiency and reduce costs.

China's IC industry has for many years been struggling to catch up, yet Japan, South Korea and the US still take the lead, despite competitiveness from enterprises in Southeast China's Taiwan. China to an extent lags behind other countries in providing State support and funding to the IC industry. To rectify this, the government should focus more on boosting innovation for key components to upgrade its manufacturing sector.

China is leader in patents according to WIPO. China in innovating. Western media is butt hurt .

 

[Shotgunner51]

China is leader in patents according to WIPO. China in innovating. Western media is butt hurt .

China high-technology exports far exceed anyone on this planet, even more than the next three nations combined, but western media sour grapes says China is merely mass producing using so-called licensed "western technology". Now and again United Nations WIPO slap their sour faces by showing China owns these technological patents, even more than the next three nations combined, what "feel-good" story are these sick minds going to cook? A good number of illiterate mass populace lining up to buy that, they better hurry up.

 

[JSCh]

From Elsevier's new cancer research benchmark report - Cancer Research: Current Trends & Future Directions

 

[AndrewJin]

From Elsevier's new cancer research benchmark report - Cancer Research: Current Trends & Future Directions

We must further increase research funding!

 

[AViet]

China high-technology exports far exceed anyone on this planet, even more than the next three nations combined, but western media sour grapes says China is merely mass producing using so-called licensed "western technology". Now and again United Nations WIPO slap their sour faces by showing China owns these technological patents, even more than the next three nations combined, what "feel-good" story are these sick minds going to cook? A good number of illiterate mass populace lining up to buy that, they better hurry up.

My friend, it takes time for people to swallow what they do not want to accept, especially for Western people, who has been the flag bearer for around 300 years.

For South Asian and Latin America in general, they still prefer a West-led world, since culturally and racially, it is much closer to them than China and East Asia.

Despite all the disputes between neighboring countries, I believe East Asian people will still be the most welcoming to a China-led world.

 

[TaiShang]

My friend, it takes time for people to swallow what they do not want to accept, especially for Western people, who has been the flag bearer for around 300 years.

For South Asian and Latin America in general, they still prefer a West-led world, since culturally and racially, it is much closer to them than China and East Asia.

Despite all the disputes between neighboring countries, I believe East Asian people will still be the most welcoming to a China-led world.

Well said. East Asia, specifically the Confucius sphere will continue to emerge largely in global innovation and manufacturing over the coming decades.

The dominance of the East Asian Confucius space (including Vietnam) is very obvious, for instance, in the latest PISA test results. East Asia Confucius space is organically bound to offer competition to the established West in many fields.

Perhaps what holds us to better capitalize on our innate strength is the large historical baggage each of carry, that is, the long shadow of history cast upon us, due largely, to the Western colonialism which pushed various East Asian Confucius states into diverse and conflicting paths.

As it is a family feud within East Asian Confucius sphere (territorial and historical wrongdoings), it is shadow is longer and stronger. In one way or another, we need to overcome this.

 

[AndrewJin]

China is leader in patents according to WIPO. China in innovating. Western media is butt hurt .

Australians have just signed their biggest train purchasing deal....
Nevertheless, they would brag about "60% will be locally manufactured".
Yes, those assembling work, cheap metal bod, seats, will be locally done....
And IGBT chips, bogies, etc, will be imported from China
We save our previous labor and earn more, they can have some jobs of course since their youth unemployment is so abysmal. WIN-WIN

 

[Aasimkhan]

Congrats @TaiShang @Shotgunner51

On topic
Some silver lining for India in our otherwise shitty performance
View attachment 354911 View attachment 354912

India's shitty performance is because Indian population is focusing on wrong on activity otherwise with such huge population base India should be much ahead.

 

[Shotgunner51]

IFC Increases Support for Innovation in China
Newseditor Business 6 days ago

The FINANCIAL -- IFC, a member of the World Bank Group, on December 12 organized a China Innovation Forum bringing together seasoned technology investors, innovators and executives to share their insights and strategies on emerging technologies, investment opportunities and the role of venture capital in catalyzing sustainable private–sector impact in China.

Innovation is expected to play a key role in China’s transition to a service economy. China’s new economic blueprint places a premium on innovation and technology which are both critical for sustainable economic growth. IFC remains committed to helping China work with the private sector to boost innovation, and will continue to promote the business case for private companies to participate at all levels of the Chinese economy, according to IFC.

“Both labor force expansion and capital investment are receding as China’s two major sources of growth,” said Mr. Vivek Pathak, IFC Director of East Asia and Pacific. “Instead, innovation is emerging as a new driver of growth and has the potential to contribute two to three percentage points of GDP growth - an estimated value of $1 trillion to $2.2 trillion per year – by 2025.”​

IFC’s Venture Capital group aims to promote innovative technologies that can have transformative impact on people’s lives—by lowering costs and expanding access to essential goods and services in emerging markets. It focuses on several key technology sectors—including health, education, financial services, energy efficiency, and consumer internet. Through this group, IFC has developed a portfolio of direct equity investments in startups in China, in addition to a growing number of investments as a limited partner in VC funds in the country.

Ventures in IFC’s VC portfolio in China include Microvast, a smart-battery company; Aihuishou, an online marketplace for recycling and the sale of second-hand electronic items; and Long Hill Capital, a new venture fund focused on investing in the next generation of Chinese healthcare companies.

Read the full story http://www.finchannel.com/business/62084-ifc-increases-support-for-innovation-in-china

 

[MULUBJA]

View attachment 354905

Technology News | Wed Nov 23, 2016 | 9:32am EST
China top innovator with one million patent requests in year: U.N.
By Stephanie Nebehay | GENEVA

View attachment 354904
Director-General of World Intellectual Property Organization (WIPO) Francis Gurry addresses a news conference at the United Nations European headquarters in Geneva December 9, 2013. REUTERS/Denis Balibouse

China is driving Asian-led growth in innovation worldwide, becoming the first country to file 1 million patent applications in a single year, the World Intellectual Property Organization (WIPO) said on Wednesday.

Chinese innovators filed most of their 2015 applications in electrical engineering, which includes telecoms, followed by computer technology and semiconductors, and measurement instruments, including medical technology, the U.N. agency said.

"The figures for China are quite extraordinary. It is the first patent office in the world to receive more than 1 million applications," WIPO director-general Francis Gurry told a news briefing to launch its report, "World Intellectual Property Indicators".​

But there is a "slow and gradual" increase in China's applications for international patents, Gurry said. "They are in process of making innovation a central point of their economic strategy."

"Once again we see an increasing dominance almost by Asia as the origin of filing activity for intellectual property. If you look at the figures, you see 62 percent of global filing activity for patents is located in Asia, 55 of global activity in trademarks is located in Asia and 68 percent of design applications are in Asia," he added.​

Worldwide, some 2.9 million patent applications were filed last year, a 7.8 percent increase over 2014, WIPO said. Roughly two in three patents are ultimately approved, Gurry said.

The United States ranked second last year with 526,296 patent applications, followed by Japan at 454,285 and South Korea with 238,015.

Read the full article at http://www.reuters.com/article/us-global-economy-innovation-idUSKBN13I1L9

But India tops Innovation index in Asia.

http://economictimes.indiatimes.com...-in-innovation-chart/articleshow/55980731.cms

MUMBAI: India has emerged as the most preferred destination for innovation in Asia and third biggest globally, with 'Silicon Valley' of East Bengaluru leading the charge, says a research by global consulting major Capgemini.

"India has been ranked as the No. 1 innovation destination in Asia and No. 2 in the world for new innovation centres," the report said.

Bengaluru, which saw the opening of three new centres between March and October this year and an announcement by ..

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

 

[Shotgunner51]

But India tops Innovation index in Asia.

http://economictimes.indiatimes.com...-in-innovation-chart/articleshow/55980731.cms

MUMBAI: India has emerged as the most preferred destination for innovation in Asia and third biggest globally, with 'Silicon Valley' of East Bengaluru leading the charge, says a research by global consulting major Capgemini.

"India has been ranked as the No. 1 innovation destination in Asia and No. 2 in the world for new innovation centres," the report said.

Bengaluru, which saw the opening of three new centres between March and October this year and an announcement by ..

Read more at:
http://economictimes.indiatimes.com...ofinterest&utm_medium=text&utm_campaign=cppst

Thanks for the info. I have also read about numerous indices made by various institutions, this index is led by Capgemini - a private consulting firm - measuring number of new innovation centres. I have reservation on such kind of indices (1) limited resources and hence accuracy (2) business motive hence accountability (3) partial, and indirect, approach to the subject. Anyway it's good to hear that many new innovation centres are opening in India, congrats!

 

[Dungeness]

Thanks for the info. I have also read about numerous indices made by various institutions, this index is led by Capgemini - a private consulting firm - measuring number of new innovation centres. I have reservation on such kind of indices (1) limited resources and hence accuracy (2) partial and indirect approach to the topic. Anyway it's good to hear that many new innovation centres are opening in India, congrats!

It is interesting that people are trying to substitute "number of innovation centers" for number of Innovations. It is like bragging about "number of training facilities" instead of "number of Olympic medals".