China’s National Intellectual Property Administration Releases 2024 Budget

On March 26, 2024, China’s National Intellectual Property Administration released its 2024 budget (国家知识产权局2024年部门预算). Highlights includes 5.76 billion RMB (~$700 million USD) for patent acceptance and approval; CNIPA expects to examine over 2.026 million patent applications with an examination period of less than 16 months; and total new applications (including invention and utility model applications) is expected to be equal or greater than 4.79 million applications.

Other highlights:

• the number of people who have passed the patent agent qualification exam should be at least 4,500 people;
• CNIPA expects to complete examination of 7.06 million trademark applications;
• the average review period for trademark applications should be controlled at 4 months.

The full budget is available here (Chinese only).

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