China’s Patent Application Volume Ranks First in the World for Seven Consecutive Years

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In 2017, China’s research funding was the second largest in the world, the number of Chinese researchers was the highest, and the number of patent applications in China ranked first in the world for seven consecutive years.

Wan Gang, the chairman of China Association for Science and Technology, said that in 2017, China’s research funding was the second largest in the world, the number of Chinese researchers was the highest, and the number of patent applications in China ranked first in the world for seven consecutive years.

Since the 18th CPC National Congress, China has had higher quality and quantities of intellectual property rights (IPR). Data released by State Intellectual Property Office shows that at the end of 2017, the number of patents in China (excluding Hong Kong, Macau and Taiwan) amounted to 1.356 million, or 9.8 patents per 10,000 people.

In recent years, the number of patents has steadily increased in China, especially in the Beijing-Tianjin-Hebei region and the Yangtze River Economic Belt. The number of Chinese patents to foreign governments also steadily increased.

In the new era, entrepreneurial innovation will accelerate and require higher qualities and greater numbers of intellectual property protection. “There is a lot of intellectual property in new businesses based on the Internet, big data and cloud computing. Timely protection of IPR by patent law and regulation is an essential foundation to stimulate more intellectual property,” said Professor Cao Xinming from Zhongnan University of Economics and Law.

This article originally appeared in Xinhua Agency and was translated by Pandaily.
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