China The Biggest: Trade Marks (Not To Mention Bordeaux Imports)

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The latest in our “Biggest” series of posts highlight’s China’s rise as a producer of trade marks…and a consumer of wines.

According to Peoples’ Daily: “China took the top spot in the world for the total number of trademark applications and valid trademark registrations at the end of last year…IPR authorities in China received over 1 million new trademark applications last year, said Tian Lipu, director of the State Intellectual Property Office (SIPO)…Tian said that in 2010, the country received more than 1.22 million patent applications, and that Chinese applicants also submitted 12,337 patent applications abroad last year under the Patent Cooperation Treaty. These applicants were the fourth largest group in the world to do so last year.”

China’s IP journey is obviously still going, but the question remains about the innovation and value that will be found at the end. Nevertheless, more Chinese firms investing in IP will likely result in continuing improvement of IP protection. And that is good news for everyone.

(Source: China has world’s most registered trademarks: IPR official: China took the top spot in the world for the total n… http://bit.ly/fwmJvU)

In celebration of their IP successes, may Chinese business people must be indulging in some serious wine drinking…

Jing Daily reports that “According to figures released by the Bordeaux Wine Industry Association (CIVB), last year China surpassed Germany to become the world’s largest importer of French Bordeaux wines in terms of wine volume as well as transaction volume… the country’s Bordeaux imports to a whopping 30 million liters (8 million gallons), an increase of 67 percent year-over-year.. National statistics showed that China imported some 286 million liters (76 million gallons) of wine last year, a rise of 67 percent over 2009. This means handsome profits for exporters, with China’s wine imports totaling US$798 million, a nearly 81 percent rise year-over-year..”.

Cheers to the Chinese consumer’s thirst for luxury imports!

(Source: @JingDaily Jing Daily (精日传媒) China Now World’s Largest Importer Of Bordeaux Wines http://t.co/D5GyLyJ #china #luxury #wine #bordeaux)

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