China's import and export payments for the use of intellectual property (IP) rose to 398.71 billion yuan (54.72 billion U.S. dollars) in 2024, marking a 5.9 percent growth year on year, according to an official announcement made on Thursday.
China has completed a nationwide review of about 1.35 million existing patents across more than 2,700 universities and research institutions in 2024, as part of a special project to boost innovation and economic growth, Shen Changyu, commissioner of the China National Intellectual Property Administration, said at a press conference hosted by the State Council Information Office (SCIO).
"The benefits of intellectual property utilization are better. (In 2024) we have opened up more than 15,000 patents for licensing. Patent transfer licensing filings reached 613,000 in the whole year, an increase of 29.9 percent year-on-year; among them, universities and research institutions filed 76,000 transfer licenses, an increase of 39.1 percent year-on-year. The industrialization rate of valid invention patents of enterprises reached 53.3 percent. The added value of patent-intensive industries in 2023 reached 16.87 trillion yuan, accounting for 13.04 percent of the GDP. The added value of the copyright industry in 2023 reached 9.38 trillion yuan, accounting for 7.44 percent of the GDP. The direct annual output value of geographical indication products exceeds 960 billion yuan," Shen said.
Starting from humble beginnings, China has emerged as the world's largest patent filer and is advancing toward becoming an IP powerhouse. The government has pledged to continue leveraging intellectual property to boost innovation and support Chinese modernization.
China's IP use-related export and import up by 5.9 pct: official
Experts anticipate closer cooperation between China and Russia after the two heads of state signed a joint statement to deepen bilateral ties.
Chinese President Xi Jinping and Russian President Vladimir Putin on Thursday signed a joint statement on further deepening the China-Russia comprehensive strategic partnership of coordination for a new era.
China and Russia are each other's important trade partner, and the two sides agree that the bilateral mutually beneficial cooperation has strongly contributed to the improvement of the well-being of the two peoples, the statement said.
In efforts to further enhance the cooperation, China and Russia agree to push for a stable expansion of two-way trade with an optimized structure through lifting the share of high-tech products and fostering innovative forms of e-commerce, among other efforts.
Xi arrived in Moscow on Wednesday for a state visit to Russia, where he is attending celebrations marking the 80th anniversary of the Victory in the Soviet Union's Great Patriotic War, at Putin's invitation.
Vladimir Zakharov, former deputy secretary-general of the Shanghai Cooperation Organization (SCO), praised the joint statement and emphasized the potential for expanding bilateral cooperation into broader areas, including the technology sector.
"We need to open the Russian market more widely -- not just in the energy and resources sectors, but also in technology. I hope both sides can pursue mutually beneficial cooperation. China is sharing its world-class innovative technologies with the world," said Vladimir Zakharov.
Mikhail Goryanoy, chairman of the Council of Russian Entrepreneurs of Northern China, emphasized the exemplary cooperation between China and Russia within multilateral platforms, such as the BRICS mechanism.
"The integration of cooperation, this is the key to success, this is a sustainable future plan, so not division, and not putting one above another. This is exactly why all the other BRICS countries are invited and introduced into various programs where they can participate. The foundation of this groundwork has been laid exactly by China and Russia as an example of two countries cooperating on so many various levels," he said.
China is Russia's largest trading partner, with a volume of more than 200 billion U.S. dollars last year.
Experts anticipate strengthened China-Russia cooperation following joint statement
