China is an important pole in the global innovation landscape

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Editor’s notice: Selection Makers is a global platform for decision makers to share their insights on activities shaping present-day globe. Liu Hua is the director of World Intellectual Assets Organization’s Workplace in China. The post demonstrates the author’s viewpoints and not always the views of CGTN.

As an critical pole in the international innovation landscape, China has founded by itself as a chief in international innovation. Ten several years back, Asia accounted for 50 percent of worldwide intellectual assets (IP) filings. In 2021, the determine reached 70 percent, to which innovation from China is a especially substantial contributor.

According to the Worldwide Innovation Index (GII) 2021, a flagship report of the Environment Intellectual House Firm (WIPO), China has risen to the 12th place in the GII, up two spots from very last yr, and is even now the only middle-revenue economic system in the GII Prime 15. WIPO Director General Daren Tang believes that China is knocking on the door of the GII Top rated 10. In 2020, Chinese domestic purposes accounted for 45.7 per cent, 54 p.c and 55 per cent of world wide patent, trademark and industrial style and design filings, respectively.

In 2021, China rated first, 3rd and 10th respectively in the WIPO-administered Patent Cooperation Treaty (PCT), the Madrid System and the Hague Process. In the very same yr, China submitted a total of 69,540 PCT applications, up .9 percent calendar year above yr, and remained the biggest person of the PCT global assistance, with a whole of 13 Chinese companies in the prime 50 intercontinental PCT filers. Among the them, Chinese telecoms large Huawei, with 6,952 released PCT apps, was the biggest filer in 2021, topping the listing for 5 consecutive a long time. The other two Chinese providers in the record of best 10 filers have been Guangdong OPPO Cellular Telecommunications and BOE Technology.

China had 19 prime science and know-how clusters all over the world, with Shenzhen, Hong Kong Particular Administrative Area and Guangzhou getting the 2nd spot, adopted by Beijing (3rd), Shanghai (eighth), Nanjing (18th) and Hangzhou (21st), all climbing in rank yr on 12 months and by significant margins. In the rating of leading 50 academic establishments, China boasted the biggest range of universities on the record, with Chinese universities getting 19 seats. 4 of the best 10 universities on the listing are from China: Zhejiang University (second), Tsinghua College (fourth), South China College of Know-how (seventh) and Soochow College (ninth).

Tang pointed out that in just a handful of quick a long time, China had built a hugely effective and modern IP procedure that had assisted drive China’s socioeconomic advancement. China’s remarkable achievements in the area of innovation and mental home can be attributed to China’s policy organizing, implementation and evaluation, adherence and perseverance to deepening reform and opening up, and sturdy IP ecosystem.

WIPO Chief Economist Carsten Fink famous that the increase of China’s innovation economic climate was not just an artifact of one or two indicators, it was anything that we observed in all pillars of the innovation ecosystem, with more and extra Chinese multinational firms competing globally based mostly on their technological edge.

IPs assist China establish an innovation-driven economic climate

At current, the juxtaposition between the terrific variations unseen in a century and the pandemic has introduced about a huge effects on the planet economic development paradigm and profound changes to work and lifetime of mankind. The earth is full of uncertainties. But what is selected is that regardless of whether it is conquering the pandemic to rebuild the overall economy or advertising and marketing sustainable growth to jointly tackle global troubles, the support and impetus from science and technologies innovation as perfectly as IP safety and application are indispensable.

The part of IP is getting increasingly prominent. Presently, the value of global intangible property, mainly represented by patents, emblems, layouts and other intellectual attributes, has attained $65.7 trillion, accounting for around fifty percent of complete global property, additional than tangible assets and additional than the merged financial measurement of the U.S. and China. In excess of the earlier ten years, worldwide patent, trademark and layout filings have improved by 64 p.c, 196 percent and 43 percent, respectively, reflecting the worth that providers and economies place on innovation and the developing recognition that organizations and economies have of making use of IP to safeguard their improvements.

IP security and application are necessary for a region to stand out in the new spherical of technological and industrial revolutions and take the large ground and preserve a leadership position. We are delighted to see that innovation has turn out to be a critical pressure driving China’s economic progress and that IP is taking part in an increasingly crucial part in advertising industrial upgrading, creating work, growing expense, enhancing business competitiveness and aiding the recovery of eco-friendly economic system.

China is using a sequence of favourable and significant methods in this regard. Developing a seem method for IP defense and application has been involved in the 14th 5-Calendar year Prepare. The Define for Constructing a Nation Sturdy on IPR (2021-2035) sets out the total purpose of building a planet-class mental assets power with Chinese characteristics and the 14th 5-Calendar year National Plan for the Mental House Defense and Application makes extensive ideas for China’s IP operate in the up coming 5 a long time, placing a target of 12 substantial-value invention patents for every 10,000 men and women by 2025.

Meanwhile, throughout the Beijing 2022 Winter Olympics, China introduced the instruments for accession to the Hague Technique and for the ratification of the Marrakesh Treaty to Tang, who arrived to China to attend the opening ceremony of the sporting activities pageant, fully demonstrating China’s proactive stance in taking part in the world-wide IPR process.

WIPO is confident in China’s innovation and IP advancement and is eager to continuously bolster coordination and cooperation with China, raise the amount of filings from China through WIPO’s worldwide company method, carefully join with China’s media, current market and several stakeholders this kind of as the governing administration, academia, business and the general public, get nearer to new systems, new leaders and a new generation of innovators, and proceed to provide Chinese consumers with easier, extra timely and much more effective accessibility to the IP program to empower China’s technological innovation and aid it build a place with robust mental attributes.

BFA prospects the way in making a new IP ecosystem

The Boao Forum for Asia (BFA) Annual Meeting is a key diplomatic function held in China each spring. As a large-conclude international dialogue platform based mostly in Asia and open to the world, BFA is dedicated to consensus setting up, transformation and innovation for the development and prosperity of Asia and the environment.

From the backdrop of changes unseen in a century and the unparalleled pandemic, the institution of a balanced, inclusive and sustainable global get and IP ecosystem for the reward of all international locations and all stakeholders is both a demand from customers lifted by globalization and a purpose WIPO works towards.

In accordance to the GII 2021, there is a gradual eastward shift in the cluster of innovation. Innovation efficiency in East and Southeast Asia has been the most vivid in excess of the previous ten years, with South Korea, Singapore, China, Japan and China’s Hong Kong Particular Administrative Region rising as planet leaders in innovation.

According to the 2021 international registration stats of patents, trademarks and industrial types released by the WIPO on February 10 this year, IP filing activity has grown through the world pandemic, even during the 2020 fall in around the world economic progress. WIPO’s global patent filings in 2021 increased by .9 per cent to 277,500 filings, reaching all-time high. Of these, Asia shown its leadership as the biggest source of worldwide patent programs, accounting for 54.1 percent of the whole filings in 2021. This totally showcases the dynamism of the Asian innovation ecosystem.

Commencing in 2021, WIPO has partnered with the BFA to include mental residence as a lasting merchandise on BFA’s agenda. This calendar year, WIPO will carry on its collaboration with the BFA by organizing a roundtable named “IP in Asia: Tendencies and Alternatives.” The roundtable will deliver jointly WIPO officials, political and small business leaders, experts and students in Asia to discuss Asian trends in the development of the intercontinental IP technique, help enterprises in knowledge the IP prospects and pitfalls that they will deal with in working with new systems, new company products and new developments, and how to fortify cooperation and increase core competitiveness by way of cross-regional IP protection.

The BFA aims to guide the way in building a new Asian financial system and a new IP ecosystem, and is also important in endorsing the advancement of the worldwide economic governance procedure, the recovery of the globe economy and the design of a new worldwide enhancement paradigm.

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