Export of Services Hits Record Growth

Export of Services Hits Record Growth


Data from the Ministry of Commerce show China's export of services hit an eight-year high in annual growth in 2018. In that year, the country paid 235.52 billion Yuan ($34.8 billion) in royalties for its use of imported intellectual property, an increase of 22 percent from 2017. It also earned 36.8 billion Yuan in IP export, rising 14.4% year-on-year. The figures show that the country's demand for high-end productive services remains strong and the competitiveness of high-end productive services exports is also on the rise, according to the ministry.

Source: Ministry of Commerce

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.