China’s industrialization rate of patents for inventions improves

The industrialization rate of patents for inventions in China further improved last year, said a report from China National Intellectual Property Adminis-tration. The industrialization rate of patents for inventions reached 39.6 percent in 2023, an increase of 2.9 percentage points compared to

that of the previous year, and has been staying in a steady growth trend for five consecutive years. The industrialization rate of patent for invention from enterprise reached 51.3 percent last year, up 3.2 percentage points year-on-year. The figure from large, medium, small and micro enterprises was 51 percent, 57.9 percent, 53.9 percent and 33.8 percent, respectively, representing a rise from the previous year. The model of industry-university-research cooperation has effectively improved the country's industrialization rate of patents for inventions...

Courts crack down on infringement related IP cases

Chinese courts have focused more on handling intellectual property cases involving new technologies last year, with harsher punishment against those infringing upon IP rights, China's top court said. The Supreme People's Court issued a report on Monday to introduce achievements

made by courts nationwide in IP protection. According to data released in the report, Chinese courts heard more than 540,000 IP cases in 2023, up 3.41 percent year-on-year. Punitive damages were applied in 319 of the cases, up 117 percent year-on-year, with a total awarded amount reaching 1.16 billion yuan ($160 million), increased by 3.5 times from the previous year, the data said. Punitive damage means that defendants should face heavier punishment, such as larger amounts of fines, due to their malicious or severe IP infringements...

China leads world in top sci-tech clusters

As China takes a leading role in technological innovation around the world, its efforts to help Chinese enterprises protect their intellectual property rights overseas have increased, an official from the country's top IP regulator said. Shen Changyu, head of the China National

Intellectual Property Administration, told a news conference on Wednesday that China had 24 "top 100 science and technology clusters" by the end of last year, ranking first in the world for the first time. The ranking was issued by the World Intellectual Property Organization in its Global Innovation Index 2023. According to the index, the top 100 science and technology clusters were concentrated in three regions last year — North America, Europe and Asia — and more specifically in two countries: China and the United States...

Canton Fair opens with over 1 million new products on display

The 135th session of the China Import and Export Fair, also known as the Canton Fair, kicked off in Guangzhou, Guangdong province, on Monday. This session features an offline exhibition in three phases from April 15 to May 5, with an online platform operating throughout the

year. The three phases of the offline exhibition will showcase advanced manufacturing products from April 15-19, quality home lifestyle products from April 23-27, and products for an enhanced living experience from May 1-5. The new form of trade has been introduced to the fair that sets a cross-border e-commerce comprehensive pilot area and overseas warehouse display areas for the first time, occupying a 3,000-square-meter exhibition space...