Going all out to bring reform to give innovation an effective boost

China's efforts to build itself into an intellectual property power has achieved remarkable success in recent years, with 921,000 invention patents authorized in 2023, up 15.3 percent year-on-year, as shown by data released by the China National Intellectual Property Administration at a news conference on Wednesday.

In the Global Innovation Index 2023 issued by the World Intellectual Property Organization, China had 24 of the world's "top 100 science and technology clusters "by the end of last year, ranking first in the world for the first time. It was also the first time that China became the economy with the most clusters ranked among the top 100, overtaking the 21 clusters of the United States, the index showed.

The industrialization rate of Chinese enterprises' invention patents exceeded 50 percent for the first time in 2023, maintaining growth for five consecutive years. Up to now, more than 1,700 universities and scientific research institutions across the country have registered 914,000 patents, including 636,000 invention patents. Therefore, it remains an important task for them to realize patent transformation and application to realize the patents' potential.