WIPO China Intellectual Property for China s Economic Development Report on the Director General s V

Mondo Finance Updated on 2024-01-29

wipo china:intellectual property fueling china's economic development|series reports (iv)

*: CBN Video: yicai

With the changes in the global innovation map, the global intellectual property system represented by the World Intellectual Property Organization (WIPO) has also ushered in many new opportunities and challenges

with the changing landscape of global innovation, the global intellectual property system, represented by the world intellectual property organization (wipo), is facing numerous new opportunities and challenges. as china is one of the most robust engines for intellectual property innovation globally, what new cooperation will wipo h**e with china?

In an exclusive interview with Yicai during the 20th Shanghai International Intellectual Property Forum, WIPO Director General Daren Tang said that over the past 50 years, China has built an IP and innovation ecosystem and become the largest contributor to global IP, and now China has submitted more IP rights than the rest of the world combined, which fully proves that China attaches great importance to IP. At the same time, China's ranking in the Global Innovation Index released annually by WIPO has been steadily rising, making it the world's highest-ranked middle-income economy.

during the 20th shanghai international intellectual property forum (siipf), wipo's director general mr. daren tang stated in an interview with yicai that over the past 50 years, china has totally transformed its intellectual property and innovation ecosystem, becoming the largest contributor to global intellectual property. he noted that china now files more intellectual property than the rest of the world combined, serving as testament to the importance that the chinese government pays to intellectual property. additionally, china's ranking in wipo global innovation index has steadily improved, *it the highest-ranked middle-income economy globally.

Earlier this year, the World Intellectual Property Organization (WIPO) released a list of the world's top 100 science and technology clusters (a special section of the Global Innovation Index), with the Shenzhen-Hong Kong-Guangzhou, Beijing, and Shanghai-Suzhou clusters ranked 2nd, 4th, and 5th respectively. China's innovation ecosystem has grown significantly over the past 50 years. Daren Tang said.

earlier this year, wipo released a ranking of the top 100 science and technology clusters (a thematic section of the global innovation index). the shenzhen-hong kong-guangzhou area, the beijing area, as well as the shanghai-suzhou area were ranked number two, number four, number five in the world respectively. china's innovation ecosystem has really seen a very extraordinary development in the last 50 years.” mr. daren tang said.

Photo: Shanghai IP AdministrationChinese companies have become more innovative

chinese enterprises becoming more innovative

The Global Innovation Index 2023 (GII) released by WIPO in September this year shows that China is the only middle-income economy in the top 30 GII, ranking 12th, according to the Global Innovation Index 2023 released by WIPO in September this year.

the global innovation index (gii) is a benchmark for evaluating the innovation capabilities of various economies. according to the 2023 gii released by wipo in september, china is the only middle-income economy within the top 30, ranking 12th.

GII shows that global R&D investment in 2021 grew at a rate of 5Strong growth at a rate of 2%, up from 32%, close to the growth rate of about 6% in 2019 before the outbreak of the new crown. At the same time, corporate R&D spending, the most important component of total global R&D, grew by 7% in 2021, the highest growth rate since 2014. The R&D (R&D) budget is ranked by the United States (+5.).6%), China (+9.).8%), Japan (+3.6%), Germany (+2.).7%), South Korea (+7.).1%)。

the gii shows that global r&d investment grows at a robust 5.2% in 2021, up from 3.2% in 2020 and close to the growth rate of around 6% in 2019 before the covid-19. meanwhile, corporate r&d spending (the most important component of total global r&d) grows by 7% in 2021, the highest growth rate since 2014. research and development (r&d) budgets are ranked in order by the united states (+5.6%),china (+9.8%),japan (+3.6%),germany (+2.7%),and the republic of korea (+7.1%).

China's achievements in the Global Innovation Index and its ranking in the field of technology show that China attaches great importance to intellectual property rights. I mentioned that China has the highest number of applications in the world across all IP categories, and I have seen Chinese companies becoming more innovative and enterprising. For example, at last year's WIPO Global Awards, the Shanghai-based company Xylon Optoelectronics won the award, and subsequently won a number of procurement contracts for the World Cup. This year, another company in Shanghai, Shanghai Xijing, also achieved this achievement (WIPO Global Awards). Daren Deng told CBN.

the achievements of china and the global innovation index as well as the rankings in the technology classes, shows that china is as a country pays a lot of attention to intellectual property. i mentioned that china's ip filings in number one in the world across all the ip categories, but also see that chinese companies and chinese enterprises are becoming more and more innovative, more and more enterprising. for example, in wipo global awards, a company from shanghai shylon won last year, which went on to win many procurement contracts in the qatar world cup. this year, another company from shanghai, westwell won this award as well.” mr. tang told yicai.

The WIPO Global Awards are a new awards program launched by WIPO in 2022. The Global Prize aims to empower innovation and creativity anywhere in the world for everyone, through the power of intellectual property. These independent awards, selected by the judges, recognize and support businesses and individuals whose skills contribute to the advancement and improvement of the lives of others. Winners will receive a customized mentorship program to help them leverage IP for business development, and other forms of support and sponsorship to facilitate access to funding and business partnerships. At last year's inaugural WIPO Global Awards, five companies were selected from 272 applicants from 62 countries, and two Chinese companies won the trophy, ranking first among the participating countries. This year, there are seven award-winning companies, two of which are from China.

the wipo global awards is a new program launched by wipo in 2022. the global awards aim to harness the power of intellectual property to ensure that innovation and creativity from anywhere benefits everyone. these awards, selected by a jury, seek to recognize and support businesses and individuals whose skills contribute to progress and the improvement of others' lives. winners receive a tailored mentoring program to help them leverage their intellectual property for business development, as well as other forms of support and sponsorship to facilitate access to financial resources and business alliances. at last year's inaugural wipo global awards, five companies emerged victorious from 272 applicants across 62 countries, with two chinese enterprises securing the trophies, placing china at the forefront among participating nations. this year, seven companies received awards, including two from china.

In Tang's view, Chinese companies are using IP not just as a form of registration or legal right, but also as a way to drive business growth. And that was very beneficial to the Chinese economy because IP was very important to that strategy as China moved towards driving economic growth through science, technology and innovation. IP rights will protect these ideas while also helping them to be commercialized.

according to mr. tang, chinese companies are really not just looking at ip as a form of registration or a legal right, but using ip to grow their business, and this is very good for the chinese economy. because as china pushes towards science, technology, innovation to grow its economy, intellectual property is very important for this strategy. ip will protect these ideas, also help these ideas to be commercialized.

WIPO's cooperation with China continued to deepen

deepening of wipo's collaboration with china

This year marks the 50th anniversary of WIPO's cooperation with China

this year marks the 50th anniversary of wipo's cooperation with china. what are the next steps in wipo's cooperation programme with china?

"I am glad to have the opportunity to interact with many important stakeholders during this visit, including Guangdong Province and Shanghai, which allowed us to develop and deepen cooperation with these two regions and beyond Guangdong and Shanghai," Tang told reporters. We will continue to work closely with China** to support IP as a catalyst for growth and development in China and for all countries around the world. ”

mr. tang told the journalist, "i am very pleased that on this visit, i had a chance to engage with many important stakeholders, including the top leadership in both guangdong province as well as in shanghai. and i had a chance to develop and deepen the collaboration with these two places. and beyond guangdong and shanghai, we will continue working closely with the chinese government to support the use of ip as a catalyst of growth and development, not just for china, but for all countries in the world.”

On December 9, the WIPO Arbitration and Mediation Center and the High People's Court of Guangdong Province signed the Agreement on Strengthening Exchange and Cooperation on Alternative Dispute Resolution in the Field of Intellectual Property. On the same day, Shanghai** and the World Intellectual Property Organization (WIPO) signed the Memorandum of Understanding on Strengthening Exchanges and Cooperation in the Field of Intellectual Property. According to the MoU, Shanghai** and the World Intellectual Property Organization (WIPO) will deepen cooperation in the construction of an intellectual property ecosystem, the construction of a diversified dispute resolution mechanism for intellectual property, the application of intellectual property, and the cultivation of intellectual property talents, so as to promote more international high-quality intellectual property resources to settle in Shanghai.

on december 9, wipo arbitration and mediation center signed a cooperation agreement on adr in the area of ip with the guangdong high people's court. on the same day, the shanghai municipal government and wipo signed the memorandum of understanding on strengthening exchange and cooperation in the field of intellectual property in shanghai. according to the memorandum, the shanghai municipal government and wipo will deepen the cooperation in the building of ip ecosystem, the construction of ip diversified dispute resolution mechanism, the utilization of ip, and the cultivation of ip talents. this collaboration aims to promote the settlement of more high-quality international ip resources in shanghai.

Daren Tang introduced that WIPO's cooperation with China is extensive and deep. "Shanghai has ambitions to develop a digital economy, so we're working on how we can support these initiatives. Of course, in addition to these two regions in China, we work closely with a number of ** institutions, including the State Intellectual Property Office. For example, we are looking at how we can support the training of more IP experts in China, and we have a joint program with Tongji University, and we hope to explore more similar programs. Overall, what we want to do is help China look at IP from an ecosystem perspective, from a holistic perspective. In this way, anywhere in China, if you have a good idea, you can use IP as a method, a tool to bring that idea to market. ”

mr. tang said that wipo’s cooperation with china is extensive and profound. “shanghai has the ambition to focus on the digital economy, we are seeing how we can support these initiatives. beyond these two parts of china, we also work with chinese government, with the china national intellectual property administration in beijing and elsewhere, as well as work with many other government agencies. for example, we are looking at how to support providing more courses to develop more ip experts in china. we h**e a program with tongji university here in shanghai. and we're looking for more such programs. overall, i think what we want to do is to help china look at ip from an ecosystem point of view, from a holistic point of view. wherever in china, if you h**e a good idea, we can use ip as a method, as a tool to bring the idea to the market.”

Referring to this year's Shanghai International Forum on Intellectual Property, he said that the Forum had been a close partner of WIPO for the past 20 years, and that intellectual property also needed international cooperation because it was essentially a bridge connecting people's cultures and countries. "The Shanghai International Intellectual Property Forum has made a great contribution to mutual understanding and international cooperation in intellectual property by bringing together people from all over the world to discuss intellectual property issues, providing opportunities for people to connect and share best practices from around the world. ”

when discussing this year's shanghai international forum on intellectual property, he emphasized that the forum has been a close partner of wipo for the past 20 years and highlighted the crucial need for international cooperation in the field of intellectual property. he described ip as essentially a bridge that connects people's cultures and nations. "the shanghai international intellectual property forum by bringing people from all over the world together, discuss ip issues, giving people a chance to connect and network, giving people a chance to share best practices from around the world. it really contributes a lot to the mutual understanding and collaboration of ip. "

The Chinese content of this article is derived from "First Finance" (reporter Jin Yezi, responsible editor Yao Junqing). The original title of the article was "Interview with the Director General of the World Intellectual Property Organization: Chinese Enterprises Are Becoming More Innovative".

the chinese text of this article is sourced from yicai (by journalist jin yezi, editor: yao junqing). the original title is “interview with wipo director general: chinese enterprises are becoming more innovative”.

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