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China leading in growth rate of 4th Industrial Revolution innovation
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A staff member demonstrates a thermal imaging smart helmet for detection of febrile people during the 22nd China Hi-Tech Fair (CHTF) in Shenzhen, south China, Nov. 11, 2020. [Photo/Xinhua]
The pace of innovation in the fourth industrial revolution (4IR) technologies accelerated significantly worldwide, and China is leading in the growth rate of patent filings, the Munich-headquartered European Patent Office (EPO) said on Thursday.
According to a study published by the EPO on Thursday, between 2010 and 2018, global patent filings for 4IR technologies, increased at an average rate of almost 20 percent annually, almost five times faster than the average of all other technology fields, according to the study.