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 | Thursday, April 27, 2000, updated at 16:09(GMT+8) | ||||||||||||
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Trades on Patented Technologies Thrive in ChinaThe State Intellectual Property Office (SIPO) announced on April 6 that trades on patented technologies during the five-day China patent exhibition were valued at roughly 1.2 billion yuan (US$ 144.5 million).The Beijing-based Xinchuang Company, a branch under Capital Iron and Steel Company, and the Daxing Real Estate Development Group signed a deal worth 380 million yuan for transferring patented high-tech construction technology. Officials with the SIPO said that it was the biggest deal between two domestic partners in the country. The newly-initiated construction technology, owned by both Xinchuang Company and an inventor from the Xinjiang Uygur Autonomous Region Li Lingqun, does not cost much to run, emits little pollution and is energy saving. Architects said that buildings constructed by the technology might be able to withstand strong earthquakes. The SIPO officials said that the successful transfer of the technology reflects the thriving of trades on patented technologies in China. During the nation's largest patent Expo which ends on April 6, many big enterprises sent personnel to collect useful and profitable information on patented technologies. According to the organizers, the Expo attracted more than 60, 000 visitors and businessmen. Nearly 1,000 contracts were signed during the Expo. Intellectual property researchers said that more and more Chinese enterprises try to own patents on advanced technologies for achieving a competitive edge. By January 2000, patent applications in China had exceeded one million. Latest statistics show that about 90 percent of advanced technologies in the world are protected by authorized patents.
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