US should cooperate to better protect IPR

Editor's note: China has made remarkable progress in protecting intellectual property rights, which helps its economic transformation to innovation-driven growth. This will benefit the country and the rest of the world, which should be appreciated by other countries, including the United States. Three experts share their views with China Daily's Wu Zheyu. Excerpts follow:

Better protection should be acknowledged

China is promoting an innovation-led economic policy. With more than 2 million applications for patents in 2015, China remains the biggest patent applicant in the world. The quality of these applications, however, does not match their number - for example, most of the applications are related to electronic communications. Another problem with these applications is the relatively low rate of the transformation of the patents into productivity, with individual applicants comprising a large percentage of the total. Compared with US' corporations, Chinese innovations, even if they receive patent license, have limited applicability and profitability in the real industry.