China Poised to Become Global Innovation Leader
Well, it's happened. Not only is China a world leader in manufacturing, it's fast becoming a world leader in global innovation.
According to this report, the patent filings in China will outpace Japan and the US in 2011. The figures are startling. China experienced an annual growth of 26.1 percent in total patent volume from 2003-2009, as compared to the US's 5.5 percent growth rate.