Recently, the China Council for the Promotion of International Trade (CCPIT) released the Research Report on China's Foreign Investment Business Environment in the Third Quarter of 2022. According to the Report, from January to September this year, the invention patent filings by foreign companies in China represented by the CCPIT's Patent and Trademark Law Office increased by about 5.8%, compared with the same period of the previous year. Among them, the invention patent filings by US and European applicants in China have increased significantly, reached about 5.2% and 4.8% respectively, showing that foreign companies maintain confidence in the development of the Chinese market and high recognition of the business environment in China.

Also, the data showed that from January to September this year, the high-value invention patent applications filed abroad by the Chinese companies with superior intellectual property rights and represented by the CCPIT's Patent and Trademark Law Office and China Patent Agent (H.K.) Ltd. (CPA) have increased by about 40.6% and 12.2% respectively, compared with the same period of the previous year. And the trademark applications filed abroad by the Chinese companies with superior intellectual property rights and represented by CPA have increased approximately 106.1% over the same period of the previous year. In addition, from January to September this year, the invention patent applications filed by the Chinese companies with superior intellectual property rights in the RCEP member states and represented by the CCPIT's Patent and Trademark Law Office have increased by about 45.6%, compared with the same period of the previous year, showing that since the implementation of the Regional Comprehensive Economic Partnership (RCEP), Chinese companies have a strong momentum in intellectual property layout and investment and operation in the RCEP member states, and the protection and application of patents are more mature.

(Source: China Intellectual Property News)