China appears to have learnt a thing or two about how to control the markets from the imperialist capitalists which are running it now.
The secret to controlling markets is not based on what products you make, but how you enforce patents and China is becoming the world leader in patent registration.
According to Reuters, China became the world’s top patent filer in 2011. It filed more patents than the United States and Japan.
This is partly because the Chinese government is providing lots of incentives for companies in China to file patent applications, regardless of whether a patent was eventually granted and this is encouraging scores of somewhat dubious ones to tip up.
The Thomson Reuters report said published patent applications from China were expected to total nearly 500,000 in 2015, following by the United States with 400,000 and Japan with 300,000.
Applications from China’s patent office have risen by an average of 16.7 percent annually from 171,000 in 2006 to nearly 314,000 in 2010.
At the time Japan had the highest volume, followed by the United States, China, Korea and Europe, the report said.
What is fairly clear is that Chinese companies will lead the pack in the very near future.
Registering patents overseas is a different matter. Chinese companies have also been climbing in the rankings, according to data from the World Intellectual Property Office (WIPO) with ZTE second on the list of applicants, ranking just behind Japan’s Panasonic. China’s Huawei Technologies came fourth.
Chinese companies have been filing more due to the legal battles that they have been fighting. US companies, such as Apple, when faced with overseas competition have been using patents to try and get products banned from the US.
Huawei and ZTE have also been hit by a number of patent disputes over 4G wireless technology.