Chinese Foreign Minster and State Counselor Wang Yi, second from left, attends a meeting with Philippine Foreign Affairs Secretary Alan Peter Cayetano at the Diaoyutai State Guesthouse in Beijing, China March 21, 2018. Parker Song/Pool via REUTERS
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China is now a major producer of innovative technologies, nosing ahead of Japan to become the second biggest source of international patent applications, the United Nations said on Wednesday.At current rates China will overtake the United States to become the biggest source of international patent applications in the WIPO system within three years, WIPO said.China's applications for international trademarks in WIPO's system rose 36 percent last year and it was clear the country had gone from being a consumer of technologies to a producer of technologies, putting it at the heart of a global innovation race, Gurry said.China's patent applications at WIPO have recorded double-digit annual growth in every year since 2003 .
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