The number of invention patents granted in China in the first two months of this year witnessed a remarkable year-on-year increase of 77.56 percent, according to the country’s top intellectual property regulator.
The latest monthly report released by the China National Intellectual Property Administration revealed that a total of 152,258 invention patents were granted in China between January and February this year. Notably, enterprise patents constituted the majority and exhibited the highest year-on-year growth rate when compared to those obtained by universities, research institutions, and individuals.
Both utility model authorisations and design authorizations witnessed a decline compared to the same period last year, resulting in a 9.9 percent year-on-year decrease in the total number of these three types of patents, said the report.
China has received tremendous pressure from the West for its lack of patent protection with often many design, inventions, and concepts are often being accused of copies. Intellectual property is a vague concept that many Chinese companies disregard which is reflected on popular ecommerce sites in Tao Pao or Alibaba where one can find knock-offs of popular brands and designs.
