Recently, the Word Economic Forum released "2014-2015 Global Competitiveness Report", with China's comprehensive competitiveness ranking at the 28th, which moves up one place than 2012 and makes the first among the BRIC countries. The Report indicates, China is becoming an economic entity of innovation. "Innovation is the lifeline of sustainable development for a country. It is urgent to upgrade the comprehensive competitiveness through innovation for a country, when confronting increasingly fierce global competition", Xu Chunming, the Vice Dean of IP Institute of Shanghai University, said.

By the end of last year, the number of China's patent applications has been ranking at the first place of the world for three years. Accordingly, China is enhancing its competitiveness. An increasing number of Chinese enterprises are participating in the global competition, and the international image of "made in China" is being replaced by "made in China with wisdom", showing the upgraded comprehensive competitiveness of China through innovation to the word.

"Recently, an increasing number of Chinese enterprises are enhancing their innovation capability, which enabled them attain more stable market. While, innovations of all society appear to be dynamic, supporting the competitiveness of the country."said by Li Shunde,Dean of IP Department in the University of China Academy of Science.

"Looking at the patent application number, China has become the IP giant, but still not the IP power."Xu indicates, the absence of innovation not restricted only the economic development but also the promotion of competitiveness". In 2013, China's proportion of export on mechanical and electronic products was 57.3%, while the hi-tech products 29.9%. However, many core technologies are controlled by foreign enterprises. Without innovation, many Chinese companies cannot compete with international gaints.

"The main task is to upgrade the capability of IP creation, utilization, protection and management."Li held that, optimized innovative environment should be offered including policy and system, and all the companies, industries and local government should be encouraged for innovative enthusiasm, which could lay a solid foundation for the competitiveness of China.

(China IP News)