In 2017, the country ranked second in international patent applications, with 51,000 Patent Cooperation Treaty applications.
In 2017, China paid 28.6 billion U.S. dollars of intellectual property royalties to overseas rights owners.
Lu Pengqi, vice chairman of the China Council for the Promotion of International Trade, said that many Chinese companies had encountered IPR infringement overseas such as preemptive trademark registration and malicious lawsuits.
"With Chinese enterprises expanding overseas, the need for overseas intellectual property protection has become more urgent," Lu said.
Shen said China would further deepen international cooperation in IPR and promote open and balanced international IPR rules.
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