Chart of the week: China’s great leap forward

In 2000 Japan, the US and the EU accounted for 81% of all global patent filings; by 2015 this figure had shrunk to 34%. Now China tops the charts, with 51% of worldwide claims.

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Worldwide patent applications jumped from around 800,000 to 1.8 million between 2000 and 2015. And there has been a major change in the distribution of the filings, says the Federal Reserve Bank of St. Louis.

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