China's economy continued steady expansion in the first half of 2017 with GDP up 6.9 percent year on year on the basis of comparable prices to about 38.149 trillion yuan, according to the latest data released by the National Bureau of Statistics (NBS). In the first six months, the added value of high technology industry and equipment manufacturing industry increased by 13.1% and 11.5% respectively while the manufacturing industry accelerated its steps to mid-to-high end level. Meanwhile, the IPR exports in the first half of 2017 maintained rapid growth, amounting to 14.94 billion yuan, up 458.4%.
Statistics show that in the first six months of 2017, several Chinese enterprises enjoyed medium-to-high speed growth of revenues and profits. It is worth noting that most of them are enterprises with an IPR advantage. Take ZTE Corporation as an example, it filed more than 1,000 patent applications via the PCT in the first half and its operation profits amounted to 3.294 billion yuan, up 564.83%. In the meantime, ZTE’s growth rate in digital broadband market paced the world while its market share of optical networks ranked world top two. Huawei, hoarding 60,000 patents in total at home and abroad, also boasted its share of steady growth in the first six months of 2017 with its operating margin hitting 11%.
Statistics from SIPO show that in the first half of 2017, China granted 209,000 patent applications for invention, 160,000 of which were granted to domestic filers. The PCT applications received by SIPO climbed to 21,600 and up 16% year on year, 20,000 of which were filed by domestic applicants, up 15.3% year on year. As of the end of June 2017, China was in possession of 1,227,000 invention patents (not counting those originated from Hong Kong, Macau and Taiwan). Every 10,000 Chinese owned 8.9 invention patents.
Statistics released on the recent China Trademark Festival High-level Forum, the market supervision authorities for industry and commerce nationwide handled 28,000 cases about various trademark-related infringements and violations, involving the value of RMB 350 million. In the first half of this year, 130,000 law-violating trademark-related cases were handled at a value of RMB 140 million.
Also, it is learned that in the first half of 2017, China’s trademark applications totaled 2.27 million, an increase of 30.81% over the same period of last year. It is expected that the total number this year will reach 5 million.