Intellectual property (IP) cooperation between the Chinese mainland and the US is more than just a business deal—it’s a powerhouse fueling innovation and trade. In today’s global market, this partnership plays a key role in strengthening economic stability, allowing high-value services and advanced tech to flow seamlessly between both economies.
Data from the US Department of Commerce shows that in 2024 the US generated $144.5 billion in IP royalties—making it a significant contributor to its services trade revenue. Notably, the Chinese mainland played a major role, accounting for one-fifth of the US’s Asia-Pacific royalty income, with payments surging from $440 million in 2001 to $7.8 billion in 2024.
This dynamic exchange is like a tech remix where the supply of innovative ideas meets robust demand, driving industrial upgrades and fostering cross-border collaboration. The thriving IP ecosystem highlights that technological exchange isn’t about conflict—it’s about building bridges for mutual prosperity. 🚀
Reference(s):
China-US intellectual property cooperation empowers economies of both
cgtn.com
