China Pushing Forward With IP Protection

Intellectual property protection has recently become a hot topic in China, as numerous Chinese industrial executives, legal scholars, and government officials have begun to collaborate on how to strengthen the country’s IP protection. A driving force behind this collaboration is the need to further stimulate and safeguard the country’s continuously growing economy. The Chinese central government in Beijing, in conjunction with various provincial governments, has predicted that IP protection would be an indispensable and necessary component in guaranteeing the country’s economic growth for decades to come. As a result, China’s Patent Law has begun its third round of changes since its promulgation in order to further balance private and public interests.