IP Week marks progress, challenges ahead in China

Jointly organized by 24 administrations, the 2014 China Intellectual Property Week began on Monday to support the World IP Day on April 26.

Shen Changyu, commissioner of the State Intellectual Property Office, said in a video address at the launch ceremony that China has become a "big nation of IP" and its IP business is "facing rare opportunities".

Last year, the office handled 825,000 patent applications, topping the world. The number of international patent applications via the Patent Cooperation Treaty ranked third worldwide, moving one place forward to replace Germany.