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Word of the day | high-value invention patents

by beijingherald.com
20 January 2025
in National, Politics
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Word of the day | high-value invention patents
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According to the State Intellectual Property Office on January 15, 2025, as of the end of 2024, the number of valid domestic invention patents in my country reached 4.756 million, becoming the first country in the world to exceed 4 million. Among them, the number of domestic high-value invention patents reached 1.978 million, a year-on-year increase of 18.8%.

By the end of 2024, China had approximately 4.76 million valid domestic invention patents, making it the first country to surpass 4 million patents, according to the China National Intellectual Property Administration on January 15, 2025. Among these, the number of high-value Domestic invention patents reached approximately 1.98 million, marking an 18.8 percent year-on-year increase.

A grain (corn) self-propelled plot seeding machine photographed at the 2024 Hainan International Intellectual Property Trading Conference on December 20, 2024. Image source: Xinhua News Agency

【Knowledge Points】

High-value invention patents refer to valid invention patents that are in line with the development direction of national key industries, have high patent quality, and are of high value. They mainly include five situations: first, invention patents in strategic emerging industries; second, patents of the same family overseas. The third is an invention patent that has been maintained for more than 10 years, the fourth is an invention patent that has achieved a relatively high amount of pledge financing, and the fifth is an invention patent that has won the National Science and Technology Award or the China Patent Award.

In 2024, my country will take solid steps towards building an intellectual property power. As of the end of 2024, the number of valid domestic invention patents in my country has reached 4.756 million, becoming the first country in the world to exceed 4 million. Among them, the number of domestic high-value invention patents reached 1.978 million, a year-on-year increase of 18.8%, and the number of valid invention patents belonging to strategic emerging industries reached 1.349 million, a year-on-year increase of 15.7%. The continuous emergence of innovative achievements provides strong support for the cultivation and development of new productive forces.

In 2024, the dominant position of enterprises in innovation will continue to increase. As of the end of 2024, there were 497,000 domestic companies with valid invention patents in my country, an increase of 69,000 from the same period last year; there were 3.506 million valid invention patents, accounting for 73.7% of the total number of valid domestic invention patents. The industrialization rate of domestic enterprises’ effective invention patents has maintained steady growth for five consecutive years. Surveys show that the industrialization rate of enterprise invention patents will reach 53.3% in 2024, and the transformation of innovation achievements into real productivity is accelerating.

【Important speech】

It is necessary to coordinate the protection of intellectual property rights, anti-monopoly, fair competition review and other work, and promote the independent and orderly flow and efficient allocation of innovation elements.

China needs to coordinate IPR protection, anti-monopoly, and fair competition reviews to promote the orderly flow and efficient allocation of innovation resources.

——On November 30, 2020, Xi Jinping delivered an important speech at the 25th collective study session of the Political Bureau of the 19th CPC Central Committee

【Related vocabulary】

intellectual property

intellectual property rights (IPR)

Valid invention patent

valid invention patents

China Daily English Dianjin Studio (This article was first published on the “Study Powerful Country” learning platform)

[Editor in charge: Chen Danni]

Tags: DayhighvalueinventionpatentsWord
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