Patent industrialization of Chinese enterprises sees steady rise for 5 years running: official

The industrialization rate of invention patents held by Chinese enterprises has been steadily increasing for five consecutive years, China's top intellectual property (IP) regulator said on Wednesday.

Last year, both the total number and industrialization rate of invention patents held by Chinese enterprises saw a rise compared with the previous year, said Liang Xinxin, deputy director of the Strategic Planning Department of China National Intellectual Property Administration at a press conference.

"By the end of 2024, China's domestic enterprises had more than 3.5 million valid invention patents, accounting for 73.7 percent of the total number of domestic valid invention patents, an increase of 2.6 percentage points over the previous year. While enterprises are actively innovating, their transformation and application capabilities are also continuously improving. The survey shows that the industrialization rate of invention patents of Chinese enterprises has steadily increased for five consecutive years. In 2024, the industrialization rate of effective invention patents of Chinese enterprises was 53.3 percent, an increase of 2 percentage points over the previous year. Among them, the industrialization rates of invention patents of medium, small and micro enterprises reached 61.4 percent, 57.8 percent and 36.7 percent respectively, all of which were new highs in the 14th Five-Year Plan period (2021-2025)," Liang said.

Liang highlighted the sectors with particular high patent industrialization rate.

"In 2024, the industrialization rate of effective invention patents of national high-tech enterprises reached 61.2 percent, an increase of 3.6 percentage points over the previous year and 7.9 percentage points higher than the overall level of enterprises, effectively boosting the national patent industrialization rate. In terms of national economic industries, the three industries with the highest invention patent industrialization rates are electrical machinery and equipment manufacturing industry of 71.2 percent, special equipment manufacturing industry of 68.9 percent and general equipment manufacturing industry of 67.5 percent, all higher than the previous year," he noted.

Patent industrialization of Chinese enterprises sees steady rise for 5 years running: official

China and the United States share broad space for cooperation and extensive common interests, Chinese Vice Premier He Lifeng said on Monday.

He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks when meeting with Myron Brilliant, senior advisor to the U.S. consulting firm Albright Stonebridge Group.

He said that China's economy got off to a good start in the first quarter this year, with major indicators registering relatively solid growth, which demonstrated the strong resilience and stability of the Chinese economy.

It is hoped that Albright Stonebridge Group would continue to play an active role in promoting the stable, healthy and sustainable development of China-U.S. economic and trade relations, the vice premier added.

Brilliant said that a sound and stable economic and trade relationship between the United States and China is beneficial to both countries and the world, while expressing readiness to serve as a bridge in further promoting the deepening of economic and trade cooperation between the two countries.

China, U.S. share broad space for cooperation, extensive common interests: Chinese vice premier