China sees robust technical transaction

Updated 2018-02-11 17:20:06 Xinhua

More than 367,000 technical contracts were signed in China in 2017, up 14.7 percent from the previous year, according to the Ministry of Science and Technology on Sunday.

The transaction volume of the contracts totaled 1.34 trillion yuan (213 billion U.S. dollars), with a year-on-year increase of 17.7 percent, the ministry said.

Technical service contracts totaled 682.6 billion yuan in value, an increase of 16.7 percent from 2016. Contracts for technical development also saw a rise in transaction volume.

Electronic information, urban construction and social development, and transportation are the top three fields that gained the most value.

The transaction volume of aeronautics and astronautics contracts went up 59 percent while those for nuclear application technology went down 62 percent than the previous year.

A rise in transaction volume also occurred in such fields as new energy, high-efficiency and energy-conserving technology, advanced manufacturing, agriculture, environmental protection and bio-medical industries.

Over 40 percent of transactions were contracts involving intellectual property rights. The transaction volume of invention patents grew by 19.2 percent in value year on year.

China's patent ownership is expected to increase from 6.3 per 10,000 people in 2015 to 12 per 10,000 in 2020, according to State Council plan on intellectual property as part of the 13th Five-Year Plan (2016-2020).

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 22 2019 22:14:17

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 22 2019 22:14:17

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 22 2019 22:14:17

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords