Decade Of Innovation Sees Invention Patents Soar

The rapid growth of patents and trademarks in the past decade demonstrates the vitality of the national innovation, Hu Wenhui, deputy head of the National Intellectual Property Administration told a news conference on Sunday (Oct. 9).

From 2012 to September, the administration granted 3.95 million patents, with an average annual increase each year of 13.8 percent, bringing the number of valid patents to over 4.08 million.

During the same period, more than 35.56 million trademarks were registered, an increase of an average of 25.5 percent per year, he said.

"Those figures mean that IPR has developed quickly in the past 10 years, playing an important role in stimulating creativity and energizing innovators," he added.