The China National Intellectual Property Administration (CNIPA) and 17 other departments jointly issued the “Opinions on Accelerating the High-Quality Development of IP Services”, according to news released on the official website of CNIPA on Monday. The Opinions set development goals of expanding high-quality and diversified IP services in 2023. IP service industry in China is expected to witness a revenue of more than 500 billion yuan, with IP service agencies to surpass 2000 and IP practitioners to reach 1.5 million, said the Opinion.