The Intellectual Property Development and Research Center under the China National Intellectual Property Administration (CNIPA) issued an evaluation report on China's IP developments. According to the Report, China's IP utilization index reached 234.8 in 2018, an increase of 28.5% over 2017.
The total amount of patent and trademark pledge financing amounted to 122.4 billion yuan in 2018, a year-on-year increase of 12.3%. As of the end of 2017, 367,586 technical contracts were signed nationwide, with a turnover of 1,342.422 billion yuan, a year-on-year increase of 14.7% and 17.7%; software business exports were registered at 54.1 billion US dollars, an increase of 8.3%; the total volume of China's IP royalties reached US$33.3 billion, a year-on-year increase of 32.6%. The number of patent application rights and of patent rights transferred has increased significantly from 2010 to 196,000; the number of trademark transfers has increased from 64,000 to 362,000; the value added of core copyright industry to GDP has increased from 3.52% in 2010 to 4.61% in 2017.
According to the Report, among the 40 countries, China surpassed Denmark, New Zealand, Singapore, Finland, and the United Kingdom in terms of the level of IP development, rising from the 13th to the 8th in the world rankings in 2017.
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