Report unveils country's innovation and IP efforts

Leading information service provider Thomson Reuters unveiled its China's Innovation Quotient report at a seminar in Chinese innovation hub Zhongguancun themed "intellectual property strategy with global vision".

The report noted that intellectual property is a central part of China's national strategy as it pushes to become an innovation-driven economy. It also said effective IP protection was necessary for China to successfully continue on that journey.

China "continues to overshadow other countries" in the volume of its patent applications published each year, according to the report. The growth is driven by the 12th Five-Year Plan and the associated Chinese National Patent Development Strategy (2011-2020), which outlines specific patent targets.