patents are pending due to Govt.
In an information revealed in the Parliament, there are about 79,000
applications seeking grant of patents pending in front of the
government. Out of this, nearly a third of the
applications are from mechanical engineering and chemicals segment.
China's top 500 research and development firms have got 169,000
patents for their innovations in 2010, up 13.3 percent from last
year, the China Enterprise Confederation (CEC) has said.
Among the top 500 companies, 41 had more than 1,000 patents, while
36 companies owned more than 200 patents for innovations, Xinhua
reported citing the CEC report.
Each of the firms allocated, on average, 775 million yuan ($113.93
million) into research and development, an increase of 14.4
percent from 2009 and accounting for 1.4 percent of their total
revenues, the CEC said.
Seventeen companies spent more than five percent of their revenues
on research, while another 60 enterprises invested from five to 10
percent of their revenues.
In 2009, China filed 7,946 international patents, up 29.7 percent
from 2008, and ranked fifth in the world, according to the World
Intellectual Property Organisation (WIPO).