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China on track to overtake U.S. in number of patent applications

2016 was a record year for number of patent applications, according to the World Intellectual Property Organization (WIPO).

First place in the world, with almost a quarter of all applications, for the 39th consecutive year is occupied by the U.S. However, the overall growth in the number of applications is due to China.

The number of patent applications filed from China has increased over the year by 44.7%. If China have the same growth rate of patent applications, after two or three years it will overtake the United States.

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