China's industrialization rate of patents for inventions improves

The industrialization rate of patents for inventions in China further improved last year, said a report from China National Intellectual Property Administration.The industrialization rate of patents for inventions reached 39.6 percent in 2023, an increase of 2.9 percentage points compared to that of the previous year, and has been staying in a steady growth trend for five consecutive years...

China's intellectual property trade expands in 2023

China's intellectual property trade expanded last year, demonstrating the country's steadily improving international competitiveness in the area, official data showed. From 2013 to 2023, the average annual growth rate of China's total trade in intellectual property royalties stood at 9.4 percent, according to data from the State Administration of Foreign Exchange. Last year, the total trade volume of intellectual property royalties reached $53.7 billion. Among the total, exports stood at 11 billion, an increase of nearly 70 percent compared with 2019, the data showed.

Canton Fair opens with over 1 million new products on display

The 135th session of the China Import and Export Fair, also known as the Canton Fair, kicked off in Guangzhou, Guangdong province. This session features an offline exhibition in three phases from April 15 to May 5, with an online platform operating throughout the year. The three phases of the offline exhibition will showcase advanced manufacturing products from April 15-19, quality home lifestyle products from April 23-27, and products for an enhanced living experience from May 1-5.