Forced transfer of technology and intellectual property has been
a continuing issue faced by many countries in China. Multiple
efforts by way of 'talks' have been attempted to solve such
issues with the Chinese governments. Recently, in furtherance to
the U.S. expressing serious concerns with regard to IP protection
in China at the G20 summit held in Argentina, China has decided to
take strict measures against the entities involved in cases of IP
infringement.
China has announced a total of 38 different punishments which
shall be applicable to IP violations. These will include the
violators being banned from -
- Issuing bonds or other financing
tools, and
- Their participation in government
procurement.
