China Moving in on US as World’s Top Source of Patent Applications, Says WIPO

China moved into second place as a source of international patent applications filed in 2017 under the World Intellectual Property Organization’s patent cooperation treaty, reported WIPO Wednesday. China closed in on long-time leader U.S., and at the current pace of filings will overtake the U.S. within three years as “the largest source of applications,” said WIPO. China’s Huawei and ZTE were the world’s top two filers overall in 2017, followed by Intel, Mitsubishi and Qualcomm, it said. “Overall, inventors from around the world filed 243,500 international patent applications via WIPO" in 2017, 4.5 percent more than a year earlier, it said.