China says will benefit from tough IPR laws
China's point man on US trade ties on Tuesday said China stands to gain economically by improving intellectual property protection and that its efforts were already having an impact.
By Agencies |
BEIJING: China's point man on US trade ties on Tuesday said China stands to gain economically by improving intellectual property protection and that its efforts were already having an impact.
Vice Premier Wang Qishan said in an opinion piece in the Asian Wall Street Journal that patents are proliferating, more people are shunning fakes and Chinese are developing their own brands.
"More and more people have begun to say no to counterfeit products and pirated software," Wang wrote. "Applications for trademarks and patents have multiplied."
The comments coincided with the start of the two-day US-China Strategic Economic Dialogue in the US state of Maryland.
Wang, former Beijing mayor and now a key economic policy maker, is leading the Chinese delegation to the talks, which in the past have centered on US concerns over China's enforcement of intellectual property rights.
China's new strategy, released ahead of the US talks, lays out how the country hopes to improve intellectual property protection to attract more foreign investment, Wang said.
The strategy calls for revising laws to give greater incentives to intellectual property creators, toughening enforcement and making penalties more severe.
"The implementation of this strategy -- a milestone in the institution of China's (intellectual property regime) -- will boost innovation at home and turn China's abundant human resources into intellectual resources," Wang said.
The US filed a case in April last year at the World Trade Organisation over widespread copyright piracy in China, a practice that US companies say deprives them of billions of dollars each year.
China says it prosecuted 4,322 people last year, handing them fines or sentences of up to seven years in jail.
Vice Premier Wang Qishan said in an opinion piece in the Asian Wall Street Journal that patents are proliferating, more people are shunning fakes and Chinese are developing their own brands.
"More and more people have begun to say no to counterfeit products and pirated software," Wang wrote. "Applications for trademarks and patents have multiplied."
The comments coincided with the start of the two-day US-China Strategic Economic Dialogue in the US state of Maryland.
Wang, former Beijing mayor and now a key economic policy maker, is leading the Chinese delegation to the talks, which in the past have centered on US concerns over China's enforcement of intellectual property rights.
China's new strategy, released ahead of the US talks, lays out how the country hopes to improve intellectual property protection to attract more foreign investment, Wang said.
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The strategy calls for revising laws to give greater incentives to intellectual property creators, toughening enforcement and making penalties more severe.
"The implementation of this strategy -- a milestone in the institution of China's (intellectual property regime) -- will boost innovation at home and turn China's abundant human resources into intellectual resources," Wang said.
The US filed a case in April last year at the World Trade Organisation over widespread copyright piracy in China, a practice that US companies say deprives them of billions of dollars each year.
China says it prosecuted 4,322 people last year, handing them fines or sentences of up to seven years in jail.
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