Can you imagine Apple without the apple? McDonald’s with no golden arches? Or Nike without the swoosh? Trademarks and patents can make or break a company, and IP has become a battleground between the U.S. and China. Watch the full video here:
Intellectual property will remain a sticking point between the U.S. and China as they compete to develop next-generation technologies.
Lawmakers and academics have expressed concerns that a large portion of Chinese trademark applications are fraudulent, meaning they do not correspond with real brands.between the U.S. and China earlier this month, but business leaders and policymakers say the intellectual property will remain a sticking point between the two countries as they compete to develop next-generation technologies.
Of the 3.3 million patent applications filed worldwide in 2018, China accounted for roughly half, according to the. Computer technology and electrical machinery were the most popular categories of patent applications from China as the country aims to be a world leader in areas like 5G wireless networks and artificial intelligence.
China's effort to dominate the landscape for intellectual property also extends to trademarks. The country now accounts for more than 10% of all trademark applications filed in the U.S.,
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