Foreign Entities Own 861,000 Valid Invention Patents in China by the End of 2022
Intellectual property protection is an important part of a sound business environment. As of the end of 2022, the number of valid invention patents owned by foreign entities in China reached 861,000, a 4.5% jump year-on-year, involving 58,000 foreign companies, an increase of 2,000 from the previous year. The number of valid registered trademarks owned by foreign entities hit 2.03 million, up 5.9%. Foreign interests' greater IPR footprints in China, as revealed at a recent SCIO (State Council Information Office) press conference on IP statistics of 2022, indicated IPR has continued to exert its role in boosting high-level opening up.
"As far as IPR protection concerns, the Chinese government always treats local and foreign companies on equal footing." These welcome numbers has given strong proof that IPR protection has created conditions for foreign businesses to fly, said Zhang Zhicheng, Director General of Intellectual Property Protection Department of the China National Intellectual Property Administration (CNIPA).