At the recent 2018 China Trademark Festival, Liu Junchen, Secretary of the Leading Party Members’ Group and Deputy Head of National Intellectual Property Administration of China (CNIPA) revealed that, as of July this year, China had a total of 17.18 million valid registered trademarks, which means every six market entities own one registered trademark.
Also, Chins had exceeded 1 million in terms of applications of invention patents and valid domestic invention patents respectively, hence maintaining its position as a major IPR country.
2018 marks the tenth year for the implementation of National Intellectual Property Strategy. Over the past decade, China’s IPR protection is continuously improving, with significant rise in the social satisfaction. Liu indicated that China has become one of the major power in advancing the increase of global trademark and related IPRs and is gradually becoming a key part of leading force in global innovation and brands.
High-speed growth of trademark registrations
The dividend of trademark registration facilitation and reform is further unleashed, thus promoting the high-speed growth of trademark registration. In the first seven months of this year, the total trademark applications in China stood at 4.1803 million, up 49.05% on a year-on-year basis. China has contributed over 80% of new global trademark grants.
Industrial development driven by brands
The values of trademark and brand innovation lie in guiding the consumers in their brand consumption, gaining the market advantage through trademark and brand competition, expanding the market share and helping the enterprises in doing bigger and competitive business.
Rising social satisfaction
To strengthen IPR protection constitutes the most part in improving the IPR protection system. China is vigorously promoting the IPR-related integrated law enforcement, and enhancing the innovation in the system or mechanism of law enforcement so as to gradually form the layout of strict, major, fast and synchronized protection of IPR.