Why is China the world leader in the number of patents produced? (2020)
One can easily find by googling that the largest number of patents produced were in China in 2020. The meaning of a patent is as follows:
A patent is the granting of a property right by a sovereign authority to an inventor. This grant provides the inventor exclusive rights to the patented process, design, or invention for a designated period in exchange for a comprehensive disclosure of the invention. They are a form of incorporeal right.
If we consider patents as the 'intellectual productivity' being done in the country, my question, what type of policy shifts has led to China being number one in it, and, further more outdo countries with established centers of technology research (eg: US, Germany etc )?