China announced its boldest plan in 30 years to overhaul a
multitude of economic and social policies, with the release of
"The Decision on Major Issues Concerning Comprehensively
Deepening Reforms" on November 15, 2013.
Within this 21,000-word economic roadmap, one announcement
caught my attention:
"We will strengthen the utilization and protection of
intellectual property rights, improve mechanisms for encouraging
technological innovation, and explore ways to establish an
intellectual property court."
Although a general deadline of 2020 is set by the Chinese
government for achieving "decisive results" of the
sweeping changes laid out in this comprehensive economic roadmap,
it is believed that the establishment of the intellectual property
court will occur well before that. The introduction of such
specialized court, which could be similar to the Federal Circuit in
the US, is expected to significantly improve the enforcement of
intellectual property rights in China.
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