China sees rise in volume of invention patents: regulator

China has authorized more than 2.53 million invention patents in the past five years, with an average annual growth rate of 13.4 percent, according to the country’s top intellectual property regulator on Sunday.

More than 27.7 million trademarks were registered in the same period, an average annual increase of 29%, said Shen Changyu, head of China’s National Intellectual Property Administration at a press conference. .

In 2021, the country authorized 696,000 invention patents, with the average ownership of high-value invention patents reaching 7.5 per 10,000 people, nearly double from the end of 2017, Shen said.

He added that China has also seen significant improvements in the effectiveness of the use of intellectual property rights (IPRs). The added value of patent-intensive industries reached 12.13 trillion yuan (about 1.88 trillion U.S. dollars), up 5.8 percent year on year, accounting for 11.97 percent of the country’s GDP.

According to China’s 15-year plan (2021-2035) for the development of IPRs, a clear target has been set: the added value of patent-intensive industries should account for 13% of GDP by 2025.

China is committed to promoting the orderly development of international IPR cooperation and competition. In 2021, Chinese enterprises filed 8,596 patent applications in countries along the Belt and Road, a year-on-year increase of 29.4 percent, while these countries in turn filed 25,000 patents. of invention in China, said Mr. Shen.