China Spent $28.7 Billion on IP Imports in 2017

China Spent $28.7 Billion on IP Imports in 2017


China spent $28.7 billion for the use of imported intellectual property in 2017, official data showed on November 6. The figure was up by nearly 14-fold from 2001, when the country joined the World Trade Organization, said the Report on China’s Services Import released by the Ministry of Commerce. The United States was the top source for such imports, followed by Japan and Germany, which was published on the sidelines of the China International Import Expo in Shanghai. Most of China’s charges for the use of intellectual property imports went to patents, trademarks and copyrights. In 2017, import charges for the use of intellectual property accounted for 6.1% of China’s total service imports. China has always been an important player, active builder and firm defender of international property rules, the ministry said in the report. At present, China has joined almost all major international intellectual property conventions, it said.

Source: Chinadaily

People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.