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Number of invention patents applications in high-tech industry in China increases in 2016

China National Statistical Office announced that number of invention patents applications in high-tech industry climbed by 15.34 percent in comparison to the prior year. The variable grew from 88 294 to 101 835, as it follows the tendency of the previous year when it rose by 0.77%. It's the highest record ever announced since 2011. The overall changes for the prior 6 years hit a raise of 87.8%. Besides, it has shown a growth at a 0.09% CAGR over the five years with a modest overall rise since the start of time series. It averaged 78 817 from 2011 to 2016 and it attained its minimum of 54 224 in 2011.

Number of invention patents applications in high-tech industry in China increases in 2016
Date Number Variation
2016 101 835.00 15.34
2015 88 294.00 0.77
2014 87 620.00 18.31
2013 74 059.00 10.75
2012 66 870.00 23.32
2011 54 224.00 N/A

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