STORY: A glimpse into China's 75 years of innovation through intellectual property endeavors 
SHOOTING TIME: Recent footage
DATELINE: Oct. 4, 2024
LENGTH: 00:01:45
LOCATION: Beijing
CATEGORY: SOCIETY

SHOTLIST:
1. various of China and enterprises

STORYLINE:

The evolution of intellectual property (IP) in China provides valuable insights into the country's 75-year journey of innovation.
   
Since the establishment of the People's Republic of China, IP initiatives have been vital in protecting individual inventions, fostering enterprise competitiveness, and driving scientific advancement and economic growth.

By the end of 2023, China became the first country in the world with more than 4 million valid invention patents.
   
From only 98 patent applications filed through the World Intellectual Property Organization (WIPO) in 1994 to 59,000 in 2019, China also rose as the leading global source of international patent applications and has stayed at the top ever since.

As China accelerates its global expansion, the world has increasingly engaged with the Chinese market.
   
China is committed to providing equal IP protection for both domestic and foreign enterprises. More than 5,000 foreign and joint venture companies have been registered in the country's state-level IP protection centers.

IP has not only boosted sci-tech advancements but also propelled economic growth.
   
The added value of China's patent-intensive industries reached 15.32 trillion yuan (about 2.19 trillion U.S. dollars) in 2022, contributing 12.7 percent to the GDP of the world's second-largest economy.

Starting from humble beginnings, China has emerged as the world's largest patent filer and is advancing toward becoming an IP powerhouse. The government has pledged to continue leveraging intellectual property to boost innovation and support Chinese modernization.

Xinhua News Agency correspondents reporting from Beijing.
(XHTV)