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

China

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

2025-01-15 16:36 Last Updated At：17:27

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.

Trump says U.S. to impose tariffs on 8 European nations over Greenland

The United States will impose 10-percent tariffs on all goods from Denmark, Norway, Sweden, France, Germany, Britain, the Netherlands and Finland over Greenland starting on Feb. 1, U.S. President Donald Trump said on Saturday.

Those tariffs would increase to 25 percent on June 1, and would continue until a deal is reached for the United States to purchase Greenland, he said on social media.

Trump's statement came after several NATO members, including Britain, France and Germany, that oppose the U.S. attempt to acquire Greenland, sent troops and diplomatic assets this week to the Arctic territory.

Trump claimed that his country needs to take control of Greenland to protect U.S. national security.

"These Countries, who are playing this very dangerous game, have put a level of risk in play that is not tenable or sustainable," Trump wrote in a post. "Therefore, it is imperative that, in order to protect Global Peace and Security, strong measures be taken so that this potentially perilous situation end quickly, and without question."

He also said that the United States "is immediately open to negotiation with Denmark and/or any of these Countries that have put so much at risk, despite all that we have done for them, including maximum protection, over so many decades."

Greenland is a self-governing territory within the Kingdom of Denmark, with Copenhagen retaining control over defense and foreign policy. The United States maintains a military base on the island. Since returning to office in 2025, Trump has repeatedly expressed a desire to "obtain" Greenland and has recently intensified his rhetoric.