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Chinese Communist Party Central Committee Sets a Goal to Become an Intellectual Property Power in the Next 15 Years

According to a Xinhua report, the Central Committee of the Communist Party of China and the State Council recently issued the “Guideline for Building a Powerful Intellectual Property Country (2021-2035).” The “Guideline” states that it is a major top-level design for the development of China’s intellectual property industry over the next 15 years.

The “Guideline” proposes that, by 2025, the added value of patent-intensive industries will account for 13 percent of GDP. The added value of copyright industries will account for 7.5 percent of GDP, and the total amount of royalties from the annual imports and exports of intellectual property will reach 350 billion yuan. The number of patents for high-value inventions per 10,000 people will reach 12.

Source: Xinhuanet, September 30, 2021