According to Japan's "Fuji Sankei Business Daily" reported on September 4, the United States has been the world leader in advanced technology-related patents from the bio-industry, medical equipment and IT that have become the source of economic power. The rapid expansion of patent applications in China shows that the competition between the United States and China in the strategic industry is not limited to products, but may also be extended to service areas represented by intellectual property.
According to the report, the number of domestic patent applications in China is far more than the number of domestic patent applications in Japan and the United States. This is a sign that China is trying to build an intellectual property reserve. China's tendency to strengthen intellectual property rights centered on domestic patents is growing.
According to the report, in terms of the number of international patent applications, the number of applications in China in 2017 is higher than the number of applications in Japan, and China ranks second in the world after the United States.
The report pointed out that the areas of progress in China's technology development are mainly concentrated on finished products, including new forms of IT products, energy equipment, energy-saving vehicles and robots. The United States and Japan continue to have an advantage in international patent applications such as technical new materials and biopharmaceuticals that are semi-finished products.
According to the report, Chinese companies' patents are concentrated on a smaller range of technologies. It can be said that China has improved its presence in key areas through selection and concentration.
According to the report, in the past 10 years, the number of patent applications and the number of international patents in China have increased rapidly. However, in terms of intellectual property fees, there is still a large deficit in the major trading countries.
Statistics from the Organization for Economic Co-operation and Development show that the United States and Japan have large revenues in terms of technology trade balances.
Economists believe that China is actively promoting the upgrading of the value chain, but there is still a long way to go to become a "direct threat" to Japan and the United States.
The report pointed out that China has a low added value in the field of comparative advantage in trade. The United States and Japan remain competitive in areas with high added value such as intellectual property rights and production management.
According to the report, however, China has set a goal of improving its technical level and will shift to a high value-added field in the long run. The upgrade of China's manufacturing value chain may put a lot of pressure on US and Japanese companies involved in related technology fields in the next few years.
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