Insights & News

IP Service Industry in China to Witness a Revenue of Over 500 Billion Yuan in 2023

2023-01-11

The China National Intellectual Property Administration (CNIPA) and 17 other departments jointly issued the “Opinions on Accelerating the High-Quality Development of IP Services”, according to news released on the official website of CNIPA on Monday. The Opinions set development goals of expanding high-quality and diversified IP services in 2023. IP service industry in China is expected to witness a revenue of more than 500 billion yuan, with IP service agencies to surpass 2000 and IP practitioners to reach 1.5 million, said the Opinion.

Source:China Intellectual Property 

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