The report released by the World Intellectual Property Organization reveals that nearly one-third of the value of manufactured goods sold worldwide comes from intangible capital such as brand, design and technology. From 2 to 214, the share of intangible capital such as intellectual property rights accounted for 3.4% of the total value of manufactured goods sold, reaching 5.9 trillion US dollars in 214.
The World Intellectual Property Report p>《217: Intangible Capital in Global Value Chains shows that China has performed brilliantly in the three industry sectors analyzed in the report. Take the smart phone industry as an example. Huawei and ZTE in China have been ranked among the top three international patent applications of global enterprises for many years, and their market share has been rising, and they have quickly become the major manufacturers of high-end smart phones in the world.
"As an important tool to protect intangible assets, the status of intellectual property is becoming more and more important in the world economy, and it has become a means for enterprises to maintain the competitive advantage of intangible capital." Francis Gurry, Director General of the World Intellectual Property Organization, said, "Intangible capital in today's global value chain will gradually determine the fate and wealth of enterprises. It is hidden in the appearance, feeling, function and overall appeal of the products we buy, which determines the success rate of the products in the market. "
The report's conclusions about China's innovation capability were also confirmed in the 217 Global Innovation Index Report released by the World Intellectual Property Organization: China's innovation capability ranked 22nd in the global rankings, and it became the only middle-income economy among the top 25 for two consecutive years.
"China manufacturing is no longer a simple processing and assembly, but now more and more China creations with high-value intellectual property rights are emerging." According to He Hua, deputy director of China National Intellectual Property Administration, in recent years, the number of applications for invention patents in China and the number of effective invention patents in China have successively exceeded 1 million, with the number of applications for invention patents ranking first in the world for six consecutive years.