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Tianjin: China leads world in biotech patents

Published on 11/17 2017  Source: Xinhua News Agency

 

China applied for 30 percent of the world's patents in the industrial biotech sector from 2014 to 2016, two institutions of the Chinese Academy of Sciences announced in Tianjin. Over the period, 57,559 patent applications in the sector were published in China, topping the world with a compound annual growth rate of 14.3 percent. Among those applications, 86 percent were filed by Chinese people. About 22,000 industrial biotech patents were granted in China over the same period.