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    INSIGHTS

    China IP Pledge and Financing Doubled than that of 12th Five-Year Plan


    2/5/2021|INSIGHTS

    As Xinhua and China News Service reported, according to the statistical data released by the end of 2020, per 10, 000 people in China (excluded Hong Kong, Macao and Taiwan) owed 15.8 patents, and the number of valid trademarks reached 30, 173 million, and the number of registered geographical indications totaled up 6, 085, and 2, 391 geographical indication products were registered to be protected. During 13rd Five-Year Plan, the total amount of the IP pledge and financing doubled than that of 12th Five-Year Plan. The import-export value of IP royalties rose to 40. 98 billion dollars from 23.11 billion dollars of 2015, a 15.4% average annual growth. In 2019, China ranked top 1 for PCT international applications around the world. The value-added of patent-intensive industries reached 1.15 billion yuan, a 7% year-on-year growth.