The LEHMAN, Lee & Xu
China Patents Newsletter keeps you up to date on recent developments in China Patents law and news
Continued Growth in China's "Patent Intensive" Industries
Patent-intensive industries have been leading other sectors in the China economy in terms of economic benefits, innovation and dynamism according to the government. The Director of Planning and Development at the State Intellectual Property Organization (SIPO) said that these patent intensive industries are “prominent and increasing” as portion of China’s economy.
These industries promote strong innovation and market competitiveness in China’s changing economy contributing an estimated 10% to China’s GDP.
SIPO’s list of patent intensive industries is used as a development reference for China’s central and local government offices. These industries concentrate on electronics, telecommunications, chemistry, medicine and manufacturing.
The growth of these industries in China, and their prominence in China’s GDP indicate a Change for China’s economy. As local Chinese companies improve capacity in these industries, innovations and patents are expected to increase.
The growth in importance of patents in China’s domestic industry is expected to lead to increased patent protection in China from a legal and practical standpoint. Foreign companies in China should be aware of these trends.
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