Chinese Enterprises Hit Milestone: Over 50% of Patents Now Industrialized! 🚀
Good news, folks! Chinese enterprises are leveling up in the world of innovation.
For the very first time, more than half of the invention patents held by Chinese enterprises have been transformed into real-world products. According to China's top intellectual property regulator, the industrialization rate hit a record 51.3% in 2023, jumping 3.2 percentage points from last year. 📈
This isn't just a one-off achievement. The industrialization rate has been on the rise for five straight years! Ge Shu, a senior official at the China National Intellectual Property Administration, shared these exciting stats from the latest patent report.
High-tech enterprises are leading the charge. The industrialization rate among state-level high-tech companies soared to 57.6% in 2023, up 1.5 percentage points from the previous year. Talk about tech taking off! 🛰️
Why does this matter? Enterprises are the superheroes 🦸♂️ of scientific and technological innovation, driving industrial transformation. They contribute over 70% of China's effective invention patents, totaling more than 3 million! That's a lot of brainpower fueling progress.
But it's not all smooth sailing. Some enterprises, especially small and medium-sized ones, still face hurdles in turning patents into products. It's like having a treasure map but struggling to find the X that marks the spot. 🗺️
The good news? The Chinese government is stepping in. They've rolled out a new plan to boost support for these smaller players, helping them navigate the path from patent to product.
Innovation is the name of the game, and China's enterprises are playing to win! 🏆
Reference(s):
China sees increased industrialized patents from enterprises
cgtn.com
