USEUROPEAFRICAASIA 中文双语Français
China
Home / China / Innovation

Global demand for intellectual property tools soars, China driving growth: report

Xinhua | Updated: 2018-12-04 09:46
World Intellectual Property Organization (WIPO) Director General Francis Gurry speaks at a press conference in Geneva, Switzerland, Dec 3, 2018. [Photo/Xinhua]

GENEVA - Global demand for intellectual property (IP) tools hit new record in 2017, with China leading the growth in filings at the heart of the global economy, the World Intellectual Property Organization (WIPO) said Monday.

WIPO Director General Francis Gurry said at a press conference at the UN here that the applications include those for patents, trademarks, industrial designs and other IP rights.

Across the globe, innovators filed 3.17 million patent applications in 2017, up 5.8 percent on 2016 figures and representing an eighth straight yearly increase, according to WIPO's annual World Intellectual Property Indicators (WIPI) report.

"Demand for IP protection is rising faster than the rate of global economic growth, illustrating that IP-backed innovation is an increasingly critical component of competition and commercial activity," said Gurry.

"In just a few decades, China has constructed an IP system, encouraged homegrown innovation, joined the ranks of the world's IP leaders -- and is now driving worldwide growth in IP filings," he added.

China recorded the highest application volume for each IP right as innovators and creators inside the country, as well as foreign entities, seek to protect and promote their work in one of the world's fastest growing major economies, the report said.

1 2 Next   >>|
Top
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US