China has been the world's top filer of PCT international patent applications for five consecutive years.
AInvestSunday, Oct 20, 2024 4:40 pm ET
1min read
ULCC --

According to Xinhua News Agency

Intellectual property rights are an important carrier of innovation, and the protection of intellectual property rights is the protection of innovation.

"China's PCT international patent applications have ranked first in the world for five consecutive years," said Francis Gurry, Director-General of the World Intellectual Property Organization. The first World Intellectual Property Congress of the International Association for the Protection of Intellectual Property was held in China, which is a milestone, highlighting the true internationality of intellectual property today and the importance of cooperation to strengthen the global intellectual property ecosystem.

The 2024 World Intellectual Property Congress of the International Association for the Protection of Intellectual Property opened in Hangzhou, Zhejiang on October 19, with about 2,300 industry insiders from 92 countries and regions gathering to discuss in-depth the frontier and hot issues in the field of intellectual property.

China's historic achievements in intellectual property rights have attracted worldwide attention. In a video speech, Gurry said that when China joined the Patent Cooperation Treaty (PCT) of the World Intellectual Property Organization in the mid-1990s, its annual international patent applications under the framework were only about 100, while the figure reached about 70,000 in 2023.

This is the first time that the International Association for the Protection of Intellectual Property has held its world intellectual property congress in China, and the guests generally believe that this not only reflects the high recognition of China's historic achievements in intellectual property rights by the international community, but also highlights China's important position in the world innovation map.

China is contributing more wisdom and solutions to promoting international intellectual property progress. China has become the world's first country with more than 4 million valid domestic invention patents, and the number of international patent applications under the PCT, Hague System for the International Registration of Industrial Designs and Madrid System for the International Registration of Marks has ranked among the top in the world.

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