China to implement strict intellectual property protection system

China will unswervingly implement a strict intellectual property protection system and continuously build a satisfactory innovation and business environment, said the head of the National Intellectual Property Administration (NIPA) Monday.

Shen Changyu, the NIPA director, made the remarks at the 10th China Intellectual Property Annual Conference in Hangzhou, east China's 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.

The country will also extend the design patent protection period and improve intellectual property review quality and efficiency.

The number of China's patent and trademark applications tops the world. The social contentment with intellectual property protection in the country reached 76.88 points in 2018 from 63.69 in 2012.

China is ranked 14th among more than 100 economies worldwide in the 2019 edition of the Global Innovation Index report.

Shen pledged the nation will continue to enhance strict IP protection to provide a sound environment for business and innovation. He also said his administration is working on a strategic IP plan valid through 2035 in a bid to further clarify the strategic goals, thoughts and measures to be taken in the area of IP protection.

Some 10,000 representatives from international organizations, government departments, industrial institutions and global enterprises of 40 regions and countries are attending the conference, looking to exchange insights into the new development trends of the IP industry and strengthen international cooperation.

"With the theme of 'IP: Evolving with the New Era', the conference has 15 sub-forums for participants to discuss a variety of IP-related topics," said Gan Shaoning, vice-commissioner of NIPA, adding that the event is expected to be a platform for idea exchanges and mutual understandings worldwide.

"IP is key to Hangzhou's innovation and high-quality development," said Zhou Jiangyong, Party chief of Hangzhou, host city of this year's CIPAC. The number of registered patents in Hangzhou has reached 55,000 so far, ranking first among provincial capitals in China, according to Zhou.

For AUX, a Zhejiang-based manufacturer of home appliances, the investment in patents has been constantly increased. According to Zheng Jianjiang, chairman of the group, AUX has so far obtained more than 5,400 patents, among which 2,776 were registered in 2018.

"As entrepreneurs, we should embrace innovation with a positive attitude and a broader vision," Zheng said.

Francis Gurry, director-general of WIPO, appreciated China's intensive work on the construction of an IP system, saying the robust rise of the country's global ranking in terms of innovation should be attributed to China's strategy of developing an innovative-driven economy and boosting economic transformation.

"IP is vital to the development of an innovation-driven economy and international trade. It will provide strong support to China's opening-up at a higher level," remarked Shen, the NIPA head.

(Source: Xinhua)