TaiShang
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Patent push creates benefits on all sides
Chinese entities submitted 22,292 patent applications to the European Patent Office (EPO) last year, according to the office's latest tally. This figure puts China among the top five sources of EPO applicants.
China and the EU currently cooperate on a number of fields related to intellectual property and both sides can benefit greatly from these agreements. First, they make it convenient for European companies to invest in China's information technology market. Second, Chinese enterprises face a smoother road to development in Europe once their patents are protected by relevant local laws. Additionally, a fairer and more open market between the two countries can promote trade and technology sharing.
Of course, Chinese groups still have room for improvement. Firstly, Chinese parties need to catch up with their foreign counterparts in emerging industries like electronic equipment and biotechnology. Second, authorities and businesses need to promote positive interactions between scientific research groups and commercial organizations.
In the meantime, Chinese enterprises also need to focus on developing innovative new products rather than merely exploiting low labor and material costs.
Chinese entities submitted 22,292 patent applications to the European Patent Office (EPO) last year, according to the office's latest tally. This figure puts China among the top five sources of EPO applicants.
China and the EU currently cooperate on a number of fields related to intellectual property and both sides can benefit greatly from these agreements. First, they make it convenient for European companies to invest in China's information technology market. Second, Chinese enterprises face a smoother road to development in Europe once their patents are protected by relevant local laws. Additionally, a fairer and more open market between the two countries can promote trade and technology sharing.
Of course, Chinese groups still have room for improvement. Firstly, Chinese parties need to catch up with their foreign counterparts in emerging industries like electronic equipment and biotechnology. Second, authorities and businesses need to promote positive interactions between scientific research groups and commercial organizations.
In the meantime, Chinese enterprises also need to focus on developing innovative new products rather than merely exploiting low labor and material costs.