China, US Agree To Cooperate On Intellectual Property Protection

China and the United States have agreed to increase cooperation in intellectual property protection to facilitate trade and investment, according to a recent joint statement.

The statement, released on Saturday, came after the world's two largest economies reached an agreement that would avert a trade war between them.

China will promote revision of related laws and regulations including the Patent Law, according to the statement.

"In the joint statement, the requests for IP protection and capital market access expansion roughly dovetail with the general goals of China's reform and opening-up," Zhang Monan, a researcher at the China Center for international Economics Exchanges, told Beijing Business Today.