Published: 20:40, January 7, 2025
China's patent-intensive sectors contributed 13% of GDP in 2023
By Xinhua
A delivery drone is pictured at the 21st China-ASEAN Expo in Nanning, South China's Guangxi Zhuang autonomous region, Sept 25, 2024. (PHOTO / XINHUA)

BEIJING - The added value of China's patent-intensive industries was 16.87 trillion yuan (about $2.35 trillion) in 2023, contributing 13.04 percent of the country's GDP, an increase of 0.44 percentage points from the previous year, the China National Intellectual Property Administration (CNIPA) said on Tuesday.

READ MORE: Added value of China's patent-intensive industries over 15 trillion yuan

In 2023, China became the first country in the world to have more than 4 million valid invention patents. Last year, that number reached 4.756 million, and China's numbers of international patent, trademark and design applications ranked among the highest in the world.

The CNIPA also highlighted that China's number of valid invention patents in strategic emerging industries climbed to 1.349 million last year, up 15.7 percent year-on-year.