The State Intellectual Property Office of China and the World Intellectual Property Organization held the 13th China Patent Awards Ceremony on Nov. 8 in Beijing.

On this ceremony, 15 Chinese patents and five Chinese designs won gold medals, while 177 Chinese patents and 35 Chinese designs won outstanding awards.

The ceremony awards the inventors, designers and patent holders who have made outstanding contributions for technical innovation and economic and social developments by using the Intellectual Property Right System.

Starting from the day when the patents were brought into practice to the end of 2010, the 15 items that won gold medals for patents obtained a sales volume of 42.5 billion yuan, with a profit of 5.6 billion yuan, and the five items that won gold medals for design obtained a sales volume of 1.9 billion yuan, with a profit of 700 million yuan.

According to data, China's international patent applications in 2010 increased by 56 percent, and China ranked fourth in the world in terms of the number of international patents it filed in 2010.

Source: People’s Daily