On January 18, 2024, China's National Intellectual Property Administration (CNIPA) released the "Development Report on Building a Powerful Country on Intellectual Property Rights (2023)." The report highlights significant achievements, including:

• A notable increase in high-value invention patents, with figures reaching an impressive 9.4 per 10,000 people at the end of 2022. China aims to reach an ambitious target of 12.0 by 2025.
• The development of patent-intensive industries, contributes significantly to China's economic growth and global competitiveness.

China excels in IP financing, particularly IP pledge financing, reaching 486.88 billion yuan, showcasing its innovative approach to leveraging intellectual assets for economic benefits. The nation actively shapes global IP governance through international collaborations and contributions to global standards; the next decade's IP strategy involves enhancing legal frameworks, improving IP creation and application, and elevating public service levels to foster innovation and ensure IP rights respect and protection. For more details, refer to the full report on CNIPA's official website. Please see the link in the comments.