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The number of patents for inventions in China is growing

In China, significant progress has been recorded in the number of applications for patents for inventions and grants, this is a consequence of China’s focus on creating an economy based on innovation - the Chinese press reports.

In the first quarter of this year, the State Intellectual Property Office of the People's Republic of China (GUIS) accepted 156 thousand applications for patents on inventions, an increase compared to the previous year was 10,6 percent.

According to a study conducted by GUIS with the State Statistical Office, at the end of March, for every 10 thousand people in China, on average, there was an 4,2 patent, which is 0,2 percent. more than at the end of 2013 year.

Director of GUIS Shen Changyu said that the creation of intellectual property in China is noticeably improving, the number of patents, trademarks and copyright registrations is growing rapidly.

The study also showed that patented inventions play an important role in increasing the profitability of major industrial enterprises.

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