Foton Automobile. [File photo]

Innovation is now a key factor in the development of industries ranging from IT to agriculture to communications, pushing growth of Chinese enterprises faster and higher on a global scale.

China Internet Weekly conducted a study and ranked companies in IT, software, machinery, biopharmaceuticals, communications and auto industries based on the number of registered patents each of them had until Dec 19, 2014.

Although the ranking does not fully reflect the companies'competitiveness in technology research, it serves as a gauge to see their performances in the market.

10. Foton Automobile

Registered patents: 3,914

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