Copyright industries contribute more to Chinese economy: Report

Copyright industries added over 6 trillion yuan ($881.8 billion) in value to the Chinese economy in 2017, accounting for 7.35 percent of the gross domestic product (GDP), according to a report released by the Chinese Academy of Press and Publication on Tuesday (Dec. 25). When compared with that in 2013, which stood at around 4 trillion yuan, the value in 2017 registered a 42 percent surge while the proportion of GDP rose from 7.27 percent. Core copyright industries, which refer to sectors that attribute all of their output value to copyright such a…

China sees more invention patents in 2018

The number of new invention patents registered on the Chinese mainland increased by about 18 percent in 2018, according to a meeting of the heads of intellectual property rights (IPR) administrations on Monday. By the end of 2018, there were about 1.6 million invention patents from the Chinese mainland, rising 18.1 percent year on year. The number of valid registrations of trademarks reached 18.05 million, up 32.8 percent. In 2018, 31,000 trademark violation cases, with a total value of 550 million yuan (about 80.3 million US dollars), were investigated. A total of 510 million yuan were…

China announces measures to boost innovation

China will introduce a series of reform measures to boost innovation, according to a circular issued by the General Office of the State Council. Measures will be carried out to strengthen intellectual property right (IPR) protection, including encouraging fast-track trials in IPR cases, according to the circular. "The transformation of scientific and technological achievements will be accelerated through several incentives and measures, and financial instruments will be improved to better serve science and technology innovation," the circular said. "The measures are also expected to p…