In 2008, the United Nations World Intellectual Property Office recorded 1.76 million international patent application filings. This number saw a slight fall last year, with filings falling down by 4.5%, which WIPO chief economist Carsten Fink ascribes to the US financial crisis. The US still has the top position as country with most patent applications, with Japan and Germany ranking second and third, respectively. China has shown a huge leap, ranking 5th next to Republic of Korea. China edged out France, increasing patent application by up to 30%.