“Milestone” – China’s 10-year Patent Strategy

The Chinese government has published a 10-year patent strategy in Beijing to encourage filling and commercialization and improve coordination with national policies.

State Intellectual Property Office (SIPO) released the National Patent Business Development Strategy on November 11, it designed to run from 2011 to 2020.

“a milestone in the history of China’s development”, according to Gan Shaoning, vice-commissioner of the SIPO.

“Patents are playing an increasingly important role in boosting the national economy, as well as scientific and social development, as a crucial way to encourage and protect innovation,” Gan said.

By the end of 2015, the number of Chinese patent applications is projected to hit 2 million.

Chinese invention patents granted each year will by that time be in the top two worldwide.

Plans also call for establishment of organizations for patent trading in major cities, which are projected to have 100 billion yuan (about $15 billion) in combined annual transactions.

“Patent protection and improvement is long-term and complicated work,” the vice-commissioner said.

(China Daily)

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