Improving Contribution Rate of Patent to Economic Growth

Recently, we have conducted an empirical analysis of the contribution of patents to the total economic growth based on the classic Cobb-Douglas production function model. Research findings show that compared with material capital, patent contribution to economic growth is relatively small and there is still great potential and room for improvement. From 1988 to 1993, the average contribution rate of patent stock to economic growth was 31.36% on average while that was 17.65% from 2000 to 2007. The year 2008 witnessed a new round of rapid increase of pa…

China launches IPR Awareness Week

China launched a week of campaigns to raise awareness of protection of intellectual property rights (IPR) Thursday. The campaign, jointly organized by 23 agencies, will feature events across the country, including press conferences, forums, lectures and the release of a whitepaper on judicial protection of IPR, running up to April 26, World Intellectual Property Day. Addressing the opening ceremony, State Councilor Wang Yong said that China needs sound IPR protection to foster innovation. Wang also called for better international IPR cooperation in creating an inclusive and open environment …

Copyright Registrations Exceed 2 Million in 2016

China received more than two million new copyright registrations in 2016, an increase of 22.33%, according to official figures revealed by the National Copyright Administration of China (NCAC) on February 21. In particular, copyright registrations for works and software totaled 1,599,597and 407,774 respectively, with the remaining 327 registrations recorded as pledge. Due to further implementation of national intellectual property strategy and innovation-driven development strategy, copyright awareness of the public got improved and copyright registration work at various registries was moving…