CHINA’S total trade in intellectual property royalties (IP) last year reached 425.35 billion yuan ($59 billion), up 6.7 percent year on year, with exports surging 26.3 percent, highlighting the growing momentum of the outbound commercialization of indigenous innovation, a spokesman for the China National Intellectual Property Administration (Cnipa) said at a press conference on Monday. Since 2023, the nation has advanced a coordinated approach to promote patent commercialization, including activating dormant patents, supporting the growth of small and medium enterprises (SMEs), and strengthening key industrial chains, with all major objectives of the special campaign fulfilled and new momentum injected into the development of…