Western China Sees Economic Growth Fueled by Intellectual Property Advances
Western provinces in China are showcasing significant economic recovery driven by advancements in intellectual property (IP) management and protection. As the country shifts toward a green economy, these previously underdeveloped areas are witnessing growth, with the Chinese National Intellectual Property Administration (CNIPA) reporting a notable 16.7% increase in recognized invention patents this year, totaling 493,000. Additionally, officially recognized trademarks surged by 10.5%, highlighting IP’s crucial role in facilitating a qualitative economic rebound across the region.