China's IP Undertakings Achieve Remarkable Results

According to the China Intellectual Property Development Status Evaluation Report for 2019, the country's IP protection index has gradually increased from 2010 to 2019, with an average annual growth rate of 13.6%. The growth settled for a while between 2012 and 2017, but quickly advanced at speed in the past two years.

At the same time, efficiency and effect of IP utilization has improved, in turn driving economic and social development. In 2018, the added value of China's patent-intensive industries reached 10.7 trillion yuan, accounting for 11.6% of GDP; The added value of the copyright industry accounted for 7.37% of GDP, up 0.8% from 2010.

The report also reveals that in 2019, Guangdong, Shanghai, Jiangsu, Beijing, Zhejiang, and Shandong ranked top six in comprehensive IP development index.