China's Growth Opportunities and Offshore Investing
Technological Progress
Patent applications
# of patent filings* at World Intellectual Property Org., 1996-2020
80,000
Research and development
Expenditures as % of GDP, 1996-2018
4%
United States
Japan
70,000
+Germany
China
60,000
50,000
40,000
30,000
20,000
10,000
3%
2%
1%
0%
'96
'01
'06
11
16
"96
'01
'06
Source: J.P. Morgan Asset Management; (Left) Wind, World Intellectual Property Organization; (Right) World Bank.
*Patent filings include Patent Cooperation Treaty provides international patent protection.
Guide to China. Data are as of July 31, 2021.
United States
-Japan
-Germany
⚫China
11
'16
Source: J.P. Morgan Asset Management; (Left) Wind, World Intellectual Property organization; (Right) World Bank, *Patent filings include Patent Corporation Treaty provides international patent
protection.
*View entire presentation