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Half of the global patent filings belong to China: UN

Nabanita Dutta

News Editor
Image Credit: shortpedia

According to U.N's World Intellectual Property Organization, with a record number of 1.54 million applications, China is accounted for nearly half of the global patent filings last year. The United States stands at second place with a long gap followed by Japan and South Korea. China has as many patent filings as the next 10 places combined. WIPO added that Asia is becoming the hub for global intellectual property applications.