On May22, the 3rd Session of the 13th National People's Congress (NPC) opened at the Great Hall of the People. President Xi Jinping, who is also general secretary of the Communist Party of China's Central Committee and chairman of the Central Military Commission, and other leaders attended the meeting. On behalf of the State Council, Chinese Premier Li Keqiang delivered the Government Work Report at the annual meeting of China's top legislature.

With respect to IP work, Li Keqiang pointed out in the fourth part which is entitled "Energizing market entities through reform and strengthening new drivers of growth" of the report:provide stable support for basic research and application oriented basic research, and encourage enterprises to increase investment in R&D. Accelerate the development of national laboratories, restructure the system of key national laboratories, and develop private R&D institutions. Intensify international cooperation on science and technology. Strengthen IP protection. Introduce an open competition mechanism to select the best candidates to lead key research projects.

The report delivered by Premier Li consists eight parts: first, a review of China's work in 2019 and the first few months of 2020; second, main targets for development and the overall plan for the next stage of work; third, forcefully implementing macro policies to keep businesses and employment stable; fourth, energizing market entities through reform and strengthening new drivers of growth; fifth, implementing the strategy of expanding domestic demand and promoting accelerated transformation of the economic growth model; sixth, achieving poverty reduction goals and working for good harvests and growth in rural income; seventh, promoting higher standard opening up and stabilizing the overall performance of foreign trade and foreign investment; eighth, advancing the reform and development of social programs to safeguard and improve living standards.

Originally published by Kangxin Partners, June 2020

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