Pledge to protect IP rights, fuel innovation
China will unswervingly implement a strict intellectual property protection system and continuously build a satisfactory innovation and business environment, the head of the National Intellectual Property Administration said yesterday.
Shen Changyu, the NIPA director, made the remarks at the 10th China Intellectual Property Annual Conference in Hangzhou, east China鈥檚 Zhejiang Province.
Shen said China will conduct a stricter punitive compensation system to combat trademark infringement and step up efforts to crack down on malicious trademark registration, as well as pushing forward patent law revision and building a compensation system for medicine patent protection.
It will also extend the design patent protection period and improve IP review quality and efficiency.
The number of China鈥檚 patent and trademark applications tops the world. The social contentment with IP protection in the country reached 76.88 points in 2018 from 63.69 in 2012.
China ranked 14th among more than 100 economies worldwide in the 2019 edition of the Global Innovation Index report.
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