Ideas can fuel economic development, which is why legal protection for these ideas—in the form of patents—is an essential building block of a healthy economy. China, once the manufacturing hub of the world, faces rising labor costs due to rising worker wages. As a result, demand for new technologies to replace these workers has skyrocketed. Read more about why patents are crucial to encouraging the development of new technologies and innovations, and how China has become the world’s largest recipient of patent filings in the world: bit.ly/13ueYF0
Posted on: Tue, 16 Dec 2014 16:25:52 +0000