On October 10, the State Council Standing Committee meeting reviewed and approved the "Special Action Plan for Patent Transformation and Utilization (2023-2025)". The holding of the China International Patent Fair is an important measure to promote the transformation and application of patents, the theme of this year's Fair is "Intellectual Property Leading High-quality Economic Development", which is of practical meaning and satisfies development demands. As of the end of 2022, the number of valid invention patents in China's core industries of the digital economy has reached 1.6 million, accounting for 38% of the total number of valid invention patents, strongly supporting the digital transformation and upgrading of industries. It is hoped that all parties attending the meeting can give full play to the important role of the fair, conduct profound exchanges and discussions, actively display transactions, and deepen pragmatic cooperation, so that innovative results can be better transformed into economic benefits, promoting high-quality development.

From Legaldaily

October 15th, 2023