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China wants to triple its patents by 2020

by on05 January 2015

Glorious innovation drive

The Glorious People’s Republic of China has put “patents” and “innovation” onto its five year plan.

China wants to triple the number of patents it files by 2020 just as the industry reels from a surprise down turn in industry.

China is targeting 14 invention patents per 10,000 habitants by 2020 compared to four in 2013. It published 629,612 patents in 2013, over 200,000 more than the United States.

It appears that the workers are raising a challenge to global players operating in China who have seen the workers there as only fit for cheap labour.

"Intellectual property (IP) is increasingly becoming a vital component of China's strategic resources and competitive ability," the statement posted on the Central People's Government website said.
By 2020 China would have boosted its legal environment for IP protection and management, often an area of contention for foreign firms who say that IP law in China sometimes favours local players, the site said.

Beijing is also looking to reduce the length of the review process for patent and trademark applications. Patent reviews will decline to 20.2 months in 2020 from 22.3 months in 2013, while trademark reviews will fall to 9 months from 10 months.

Last modified on 05 January 2015
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