News

China issues new plan to become an ‘IP powerhouse’

14.03.17

The Chinese State Council has issued their IP Five Year Plan for 2016-2020.  The objectives that China hopes to achieve include:

  • doubling their PCT applications to 60,000 by 2020;
  • doubling China’s invention patent ownership to 12 per 10,000 people (ie, approximately  1.6 million patents) by 2020; and
  • increasing the export volume of intellectual property royalties to $10b over the 2016-2020 period.

The Chinese State Intellectual Property Office (SIPO) hopes that this plan will help China become an ‘IP powerhouse’.

For further information, please see the SIPO’s report on the plan, or contact Nick Noble, Daniel Jarrett or your usual Kilburn & Strode advisor.