In 2018, the composite development index of China’s intellectual property increased 17.9 percent from 2017, to 257.4, nearly 2.6 times the number in 2010, according to the latest assessment report by the Intellectual Property Development and Research Center of China National Intellectual Property Administration.
As for the global ranking of intellectual property development indicated by the previous data, China’s place rose from 13th in 2015 to eighth in 2017, outrunning Finland and the UK, following the US, Japan, Korea, Switzerland, Germany, Netherlands and Sweden.
Breaking down the general assessment, four sub-indexes are given in the report to depict a full picture of China’s intellectual property development in 2018: The intellectual property (IP) application index, which rose with the top speed of 28.5 percent among the four indexes to 234.8. And the IP protection index, which reached the highest points of 274.3 among all, with a growing rate of 17.8 percent. Then the IP invention index that gained 15.2 percent to 249.3, and the inventing environment index that improved 12.5 percent to 271.3.
The jump in the IP application index is reflected through two aspects. First, in most regions, intellectual property use is expanded to a larger scale, and the number of areas that score less than 50 points in intellectual property application evaluation has shrunk since last year. Second, in general, the benefits generated by IP usage are growing across China, with top-ranking regions gaining more evidently. South China’s Guangdong province and East China’s Jiangsu province topped 80 points in this regard. The report concludes that, in China, intellectual property application has more to do with economic affairs.
The utilization of intellectual property in China is elevated, thanks to multiple measures taken to join the procedures of intellectual property invention, application, protection and management. These measures, such as establishing a mechanism and platforms and promoting industrial development, have created better conditions for innovators to manage and protect their intellectual properties on a basis of generating more market benefits. And they are aimed at strengthening the comprehensive use of intellectual property and thereby boosting its impact on economic growth.