Reform To Build China Into IP Powerhouse

The recently concluded annual session of the 14th National People's Congress passed the State Council's institutional reform plan, signaling the start of a new round of reform which will improve China's development policy and governance system. The plan includes the restructuring of certain departments, adjusting their functions and responsibilities, and creating new State Council agencies.

The plan also includes the establishment of a "national financial supervision administration" and a "national data bureau", and the restructuring of the Ministry of Science and Technology. In China's push for innovation-driven development and better protecting intellectual property rights (IPR), the improvement of the intellectual property management system is an important part in the State Council's institutional reform.