Latest News:  
Beijing   Cloudy    14 / 7   City Forecast

Home>>China Business

Chinese patents bring billions in profits

(Guangming Daily)

15:52, November 10, 2011

Edited and Translated by Han Shasha, People's Daily Online

Beijing, Nov.10 (People's Daily Online) --The State Intellectual Property Office of China and the World Intellectual Property Organization held the 13th China Patent Awards Ceremony on Nov. 8 in Beijing.

On this ceremony, 15 Chinese patents and five Chinese designs won gold medals, while 177 Chinese patents and 35 Chinese designs won outstanding awards.

The ceremony awards the inventors, designers and patent holders who have made outstanding contributions for technical innovation and economic and social developments by using the Intellectual Property Right System.

Starting from the day when the patents were brought into practice to the end of 2010, the 15 items that won gold medals for patents obtained a sales volume of 42.5 billion yuan, with a profit of 5.6 billion yuan, and the five items that won gold medals for design obtained a sales volume of 1.9 billion yuan, with a profit of 700 million yuan.

According to data, China's international patent applications in 2010 increased by 56 percent, and China ranked fourth in the world in terms of the number of international patents it filed in 2010.

  We Recommend  


Leave your comment0 comments

  1. Name


Selections for you

  1. Folk artist Wang Zhikai from China's Shandong paints on a leaf skeleton

  2. Buddhist art exhibition held at the Museum of World Religions in Taipei

  3. U.S. aircraft carrier USS George Washington pulls in HK waters

  4. Sotheby's yellow diamond to sell at record price

Most Popular


  1. US unlikely to contain China's rise
  2. India's border troop surge aimed at rising China?
  3. Anxious US looks toward Asia
  4. Property curbs to remain despite price drop
  5. China's dilemma over Iran goes deeper
  6. China must act to save energy, cut emissions
  7. Will US, Israel attack Iran?
  8. Market blow away 'special air' rumors
  9. Bridges and factories could woo American hearts
  10. Keeping a cool head crucial ahead of big events

What's happening in China

It's 11-11-11: a big day to wed

  1. Gas burst in China's unlicensed coal mine kills 20
  2. Chinese media told to improve sourcing
  3. Airline moves toward offering Internet access
  4. More bachelor girls than boys in Shanghai
  5. Unattached 'sticks' look forward to Singles' Day

PD Online Data

  1. The dragon dance
  2. Temple fairs in Beijing
  3. Lunar New Year´s Eve (I)
  4. Lunar New Year´s Eve (II)
  5. Little New Year (I)