Beijing Review

China Rises as a World Innovation Powerhouse

The Patent Cooperation Treaty (PCT) recently released its Yearly Review 2023 report, giving a detailed report and statistics on global patents over the last year.

In 2022, the PCT had 157 member states and applicants from 134 countries filed PCT applications at 85 receiving offices (ROs). However, despite such a widespread geographical distribution, filing activity was heavily concentrated in a select number of economies.

Combined, the top

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