Foxconn claims 90% of Chinese patents are useless

Posted on Saturday, Dec 08 2007 @ 17:50 CET by Thomas De Maesschalck
Foxconn representatives made some surprising claims at the Innovative National Construction and Intellectual Property Symposium - they claimed that 90% of China's new patents are useless and should be canceled:
Fu Shaoming, director of Foxconn's Intellectual Property Management Department, believes that many of China's so-called new and practical patents are actually useless and 90% of them should be canceled. Fu's remark has caused a big stir in China, for relevant statistics show that the country has as many as 161366 practical and new patents in 2006 alone.

Practical and new patents cover one of the three main categories (the other two kinds of patents are inventions and outlook designs) of patents and it refers to new technological solutions that are suitable for product shapes, structures and combinations.
Source: China Tech News

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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