IP imports, exports up from January to May

FROM January to May this year, China's total import and export of intellectual properties amounted to 180 billion yuan ($24.8 billion), a year-on-year increase of 14.1 percent. Exports of intellectual property rights (IPRs) rose 17.7 percent compared to the previous year, higher than the growth rate of imports by 4.7 percentage points, the China National Intellectual Property Administration (CNIPA) said on Monday.

The CNIPA noted that IPRs are a strategic resource for national development and a core element of international competitiveness. In recent years, more high-value IPRs have been emerging in China.