Strengthened IPR Protection to Spur Innovation

Strengthened IPR Protection to Spur Innovation

Intellectual property rights（IPR） protection is becoming increasingly important as intangible assets play a key role in the socio-economic development during China s rapid transition from an industrial to informationoriented society.

According to a recent survey released by the National Intellectual Property Administration， China scored 76.88 in the publics satisfaction of the countrys IPR protection efforts in 2018.

The revised trademark law adopted at the 10th meeting of the Standing Committee of the 13th National Peoples Congress increased the cap on the amount of compensation for malicious infringement on the exclusive right to trademarks from RMB 3 million to RMB 5 million. Such an amount of punitive measures is relatively high in the world， and reflects Chinas firm determination to strengthen IPR protection.

IPR protection involves multiple subjects， various categories and various methods. In light of this， we should devote concerted efforts for stricter protection so as to increase the cost of offences， improve the efficiency of ruling， and safeguard justice in IPR litigation.

China Announces Guidelines for Integrated UrbanRural Development

China has released a threestep plan to integrated urbanrural development， according to the National Development and Reform Commission.

The three steps work in a progressive way. First， by 2022， a preliminary mechanism serving this purpose will have come into being. Then by 2035， the mechanism will have been largely improved. Finally， by the middle of this century， it is expected to have become mature and wellfunctioned. Because the whole process is long and arduous， an overall plan and clear goals are much needed.

In short， China will， following the guiding principles of the 19th National Congress of the Communist Party of China（CPC）， and the second and third plenary sessions of the 19th CPC Central Committee， coordinate a rural revitalization strategy and new type of urbanization strategy featuring common prosperity. It will narrow the gap of living standard between urban and rural residents， improve the property right system， and discard barriers that restrict the free flow of resources between urban and rural areas.

The reform is to ensure that the development is farmercentered and is shared by them.

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