Over­seas ex­pan­sion spurring rapid an­nual growth in PCT fil­ings; data shows surg­ing in­ter­est in Belt and Road Ini­tia­tive re­gions

China Daily (Hong Kong) - - IP SPECIAL - By WANG XIN wangxin@chi­nadaily.com.cn

An in­creas­ing num­ber of in­no­va­tion-driven Chi­nese com­pa­nies test­ing the wa­ters abroad are spurring “rapid growth” in in­ter­na­tional patent ap­pli­ca­tions filed via the Patent Co­op­er­a­tion Treaty in China, ac­cord­ing to the State In­tel­lec­tual Prop­erty Of­fice.

The lat­est SIPO data show PCT fil­ings grew 16 per­cent year-on-year to 21,600 in China in the first half of this year.

Of those fil­ings, 20,000 were from do­mes­tic ap­pli­cants, in­creas­ing 15. 3 per­cent from the same pe­riod of last year. The num­bers re­flect grow­ing mo­men­tum in Chi­nese com­pa­nies armed with pro­pri­etary in­tel­lec­tual prop­erty go­ing abroad, SIPO spokesman Hu Wen­hui said at a news conference in Bei­jing last week.

PCT fil­ings from abroad in­creased 26 per­cent yearon-year to 1,600 dur­ing the pe­riod.

Guang­dong is the largest PCT filer among 31 prov­inces, mu­nic­i­pal­i­ties and au­ton­o­mous re­gions on the Chi­nese main­land, with 11,900 ap­pli­ca­tions filed in the first six months.

Bei­jing, Jiangsu, Shang­hai, Shan­dong and Zhe­jiang have all re­ported more than 500 PCT fil­ings.

IP scene

The top six have con­trib­uted nearly 90 per­cent of the coun­try’s PCT fil­ings by Chi­nese ap­pli­cants.

Coun­tries and re­gions in­volved in the Belt and Road Ini­tia­tive are be­com­ing pop­u­lar des­ti­na­tions among Chi­nese fil­ers.

T he ini­tia­tive, pro­posed by China in 2013, aims for in­creased i nter­na­tional co­op­er­a­tion by re­vi­tal­iz­ing the an­cient trade routes. It’s also known as the Silk Road Eco­nomic Belt and the 21st Cen­tury Mar­itime Silk Road.

The first six months of this year saw more than 2,100 PCT fil­ings from China des­tined for 17 coun­tries and re­gions in­volved in the ini­tia­tive, rep­re­sent­ing 17.8 per­cent growth year-on-year.

With more than 1,000 fil­ings, In­dia ranked top among the des­ti­na­tions, fol­lowed by Rus­sia and Sin­ga­pore.

In c o m p a r i s o n , C h i n a re­ceived more than 2,000 patent ap­pli­ca­tions from fil­ers from Belt and Road coun­tries and re­gions dur­ing the pe­riod, up 23.2 per­cent yearon-year.

“The bur­geon­ing growth in patent fil­ings shows the Belt and Road coun­tries and re­gions’ faith in China’s mar­ket and our in­tel­lec­tual prop­erty pro­tec­tion en­vi­ron­ment, and also re­flects ac­cel­er­ated pace of Chi­nese com­pa­nies go­ing over­seas,” Gan Shaon­ing , deputy com­mis­sioner at SIPO, said at an ear­lier fo­rum.

Be­hind the growth is boom­ing for­eign trade and in­vest­ment.

China re­ported 13.14 tril- lion yuan ($1.95 trillion) in f o r e i g n t r a d e f r o m Ja n u - ary to June, a 19.6 per­cent rise year-on-year, cre­at­ing a half-year growth record high since the sec­ond half of 2011, ac­cord­ing to data re­leased by the Gen­eral Ad­min­is­tra­tion of Cus­toms ear­lier this month.

Ex­ports grew 15 per­cent year-on-year to 7.21 trillion yuan dur­ing the pe­riod.

For pru­dent traders look­ing to over­seas ex­pan­sion, IP fil­ings are gen­er­ally con­sid­ered ahead of busi­ness op­er­a­tions in the tar­geted mar­kets, in­dus­try in­sid­ers said.

In the in­vest­ment sphere, Chi­nese en­trepreneurs have com­pleted more than 650 deals each worth at least $100 mil­lion in over­seas merg­ers and ac­qui­si­tions over the past decade, ac­cord­ing to a re­port re­leased by Mc K i n s e y & C o m p a n y, a man­age­ment con­sult­ing firm, in April.

A PwC re­port re­leased in Jan­uary shows that in­vestors from the Chi­nese main­land poured a com­bined $221 bil­lion in over­seas ac­qui­si­tions in 2016, a more than twofold in­crease from a year ear­lier.

Pa t e n t e d t e c h n o l o g i e s , well-es­tab­lished brands and ma­ture mar­ket­ing chan­nels are among the pri­mary fac­tors for the over­seas deals, in­dus­trial ob­servers said.

The bur­geon­ing growth in patent fil­ings shows the Belt and Road coun­tries and re­gions’ faith in China’s mar­ket.” Gan Shaon­ing, deputy com­mis­sioner of the State In­tel­lec­tual Prop­erty Of­fice from China in the first half of 2017

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