Chengdu Tops All Domestic Counterparts in Innovation, R&D Activity

Authors: Go Chengdu

2018-02-24

In early February, the State Intellectual Property Office of the PRC released a report reviewing Chengdu’s development in innovation.
The report shows that Chengdu tops all of its counterparts in China in terms of innovation and R&D activity. On average, every researcher/developer in the city is engaged in two inventions annually.
In 2017, Chengdu's number of market entities reached 464,000, a 42% increase from the prior year. The state-level hi-tech companies rose to 2,471, 17.8% higher than the previous year, and the output value from the hi-tech sector amounted to nearly RMB937.48 billion, up 11.8% year on year.
Last year, the city saw 113,985 patent applications, which accounted for 68% of Sichuan Province's total. Of the number, 47,036 associated with invention, constituted 73% of the gross amount in the province. Chengdu continued to top China's central and western regions in the two aspects.

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