Foreign patent holders surge in China as IP protection strengthens

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China has seen an increase in patents and trademarks granted to foreigners, according to the latest data released by the China National Intellectual Property Administration (CNIPA).

The number of effective invention patents owned by foreign applicants in China exceeded 900,000 last year, an increase of nearly 5 percent year on year. The trademark sector has also grown, with the number of valid trademark registrations by foreign applicants in China surpassing 2.1 million, marking a year-on-year increase of 3.4 percent.

This growth indicates foreign enterprises' confidence in China's intellectual property (IP) protection, said Shen Changyu, head of the CNIPA, during a recent symposium attended by 11 foreign-funded enterprises, including AstraZeneca, Ford Motor, LEGO and Tesla.

Noting that strict IP protection is a major concern for foreign companies, Shen said China remains committed to providing equal IP protection for both domestic and foreign enterprises.

Representatives of the foreign enterprises presented their own IP protection needs and suggestions at the symposium held earlier this month.

(Cover via CFP)

Source(s): Xinhua News Agency