BEIJING - The added value of China's patent-intensive industries in 2022 reached 15.32 trillion yuan (about $2.15 trillion), contributing 12.7 percent to its GDP, according to a report released by the country's top intellectual property regulator.

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The latest data shows that China's patent-intensive industries exhibit strong innovation capabilities and development potential, supporting the country's commitment to pursuing new quality productive forces and high-quality development, the China Intellectual Property Administration noted in a recent monitoring report.

The report highlights that from 2018 to 2022, the added value of China's patent-intensive industries saw an average annual growth rate of 9.36 percent, surpassing the average annual GDP growth rate by 2.37 percentage points during the same period.

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The information and communications technology (ICT) service and ICT manufacturing, as representatives of emerging industries, achieved double-digit growth in added value with annual growth rates of 14.86 percent and 10.23 percent, respectively.

China has set a target for patent-intensive industries to contribute 13 percent of GDP by 2025.