China has achieved significant success in intellectual property rights protection

Beijing. June 7. Silkroadnews - China has achieved significant successes in the field of intellectual property rights (IPR) protection, an official representative of the State Intellectual Property Office Shen Changyu said, Xinhua reports.
“China will accelerate the modernization of the IPR governance system and ability and further promote the application and transformation of intellectual property to create more social benefits,” the agency quoted Shen saying.
Yan Junqi, an IPR evaluation group expert, said China has made significant progress in implementing the national IPR strategy, which also served to support the country’s economic and social development.
Last year Chine filed 1.38 million patent applications for inventions, up 14.2% compared to the previous seven years’ period.
At present, there are three IPR courts in China. The amendments to the law on patents envisaging the introduction of a system of penalties for violation of intellectual property are under consideration.
Since 2008, China has revised its laws on trademarks and copyrights, and continues to form an increasingly important intellectual property system.
Over the past five years, 192,000 cases of patent infringement and counterfeiting have been investigated in China, as well as 173,000 cases of trademark infringement and counterfeiting.
According to a survey by the government agency on intellectual property, the level of social satisfaction with IPR protection in China rose from 63.69 to 76.69 between 2012 and 2017.
In the country, 19 intellectual property protection centers have been established, the purpose of which is to provide more convenient, effective and inexpensive ways to obtain protection of rights and accelerate the authorization and confirmation of intellectual property rights.
The processing time of patent infringement cases was reduced from over three to one month, while the period for authorization of patents for inventions was reduced from 22 months to three months.
The registration period for trademarks has been reduced from nine months to eight months.
Almost 80% of universities in China have established full-time or part non-staff institutions for the management of intellectual property. More than 60% of universities have created systems of distribution of interests related to intellectual property rights.
From 2008 to 2016, the Chinese Academy of Sciences increased the transfer of intellectual property rights from 257 to 1,154 cases, and total revenue increased from 642 million yuan (about $100 million) to 2.56 billion yuan.
The transformation and application of intellectual property has led to the rapid development of related industries. In 2015, the value added of China’s patented industries amounted to 12.4% of GDP.
China has joined many major international intellectual property conventions, and signed agreements with patent review organizations in 23 countries and regions on the Patent Prosecution Highway. In 2017, the country ranked second in international patent applications, with 51,000 Patent Cooperation Treaty applications. In 2017, China paid 28.6 billion U.S. dollars of intellectual property royalties to overseas rights owners, the report reads.
With Chinese enterprises expanding overseas, the need for overseas intellectual property protection has become more urgent, expert says, noting that China will further deepen international cooperation in the field of IPRs and promote an open and balanced international intellectual property right rules.