
Added value of China's patent-intensive industries over 15 trillion yuan
China DailyAdded value of China's patent-intensive industries over 15 trillion yuan Xinhua Updated: Oct 18, 2024 The added value of China's patent-intensive industries in 2022 reached 15.32 trillion yuan. The added value of China's patent-intensive industries in 2022 reached 15.32 trillion yuan, contributing 12.7 percent to its GDP, according to a report released by the country's top intellectual property regulator. The latest data shows that China's patent-intensive industries exhibit strong innovation capabilities and development potential, supporting the country's commitment to pursuing new quality productive forces and high-quality development, the China Intellectual Property Administration noted in a recent monitoring report. The report highlights that from 2018 to 2022, the added value of China's patent-intensive industries saw an average annual growth rate of 9.36 percent, surpassing the average annual GDP growth rate by 2.37 percentage points during the same period.
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