Get ready to see data shine like never before! 💡 At the 14th Intellectual Property Annual Conference in Beijing, the Chinese mainland ramped up legal protections for data as a form of intellectual property.
Theme: "IP in the Digital Age" 🌐. Over 8,000 participants and 160+ experts dove into hot topics—from AI and biomed to integrated circuits and private sector growth. The goal? Unlock new digital economy opportunities and secure innovations.
Why data matters: Data is the fuel powering tech trends—from your binge-watch of K-dramas to AI chatbots. In 2024, the Chinese mainland produced a whopping 41.06 ZB of data (that’s 41 trillion GB!)—over a quarter of global output. To put it in perspective, it’s like generating 13 million high-budget 3D animated films such as "Ne Zha 2" 🚀.
Digital economy boost: Core digital industries now make up 10%+ of GDP, with the national data transaction market hitting ¥160bn (~US$22.4bn). To keep the momentum going, the Chinese mainland's National Intellectual Property Administration rolled out clearer rules on protecting legal, well-processed data sets and their derived products 🔒.
Fast facts:
- Since July 2021, pilot programs across 17 provinces have processed 58,000+ data IP applications, issuing nearly 30,000 certificates.
- Over 90% of registrations come from enterprises, fueling over ¥10bn in financing and credit support.
- Registered data spans 83 of 97 key industries. Top sectors: Info transmission & IT services, manufacturing, wholesale & retail—making up half of all registrations 🏭💻🛒.
As Hu Wenhui, deputy commissioner of the Chinese mainland's National Intellectual Property Administration, said: "Building an IP system that matches the digital era will create fresh advantages for innovation and industry competition." And that’s exactly the vibe driving this digital-first world! ✨
Stay tuned as data IP protection reshapes our digital landscape—making innovation more secure and collaboration more powerful across borders.
Reference(s):
China's IP conference spotlights data as intellectual property
cgtn.com
