China is the world leader in the number of brands

The number of Chines brands is 7.61 million. It is a world record. But experts say it does not mean that the Chinese companies are innovative or the Chinese goods would be competitive in the world market.

According to the fresh statistics of the Chinese industrial and commercial authority, China also leads in the number of applications for brand registrations. Until the end of June, more than 14 million claims were registered. China mentioned as the “world's factory” attempts to be present on the markets with own developed and manufactured products for years. (MTI)