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Business / Economy

China's progress in innovation 'quite remarkable': WIPO Director General

(Xinhua) Updated: 2016-07-21 13:42

BEIJING - China's progress in innovation is remarkable, said Director General of the World Intellectual Property Organization Francis Gurry in a recent exclusive interview with Xinhuanet.

According to Gurry, the target for China by 2020 is to be a leading innovation power.

China is now undergoing a transition from a labor-intensive model of "Made-in-China" to an innovation-driven model of "Created-in-China", he added.

The spirit of innovation, in turn, is highlighted in hope of a more healthy and effective economy.

Speaking of the progress in intellectual property protection in China, Gurry stressed the speed and influence China has achieved.

"It's 32 years exactly since the first patent law was established in China, and since then we now see the country has the largest patent law office and trademark office in the world. Increasingly, the promotion of intellectual property in China, the inventions, branding and designs are internationalized and we see that reflected radically across the world," said Gurry.

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