Beijing considers intellectual property to be a strategic resource for national development. Photo: Shutterstock

Chinese patents surpassed 3 million in 2022 as Beijing pursues innovation strategy

In 2022, the total number of patents filed in China was 4.21 million, of which 3.28 million were held by inventors from mainland China

Although it files more patents, China has struggled to convert its research and development spending into valuable and successful innovations