China issued a plan for 2021-2035 to strengthen buildup and protection of intellectual property rights (IPRs), by accelerating legislation on IPRs in new fields and forms of business, such as big data, artificial intelligence (AI), algorithms and genetic technology.
The country has set targets for 2025 and vowed to be deeply involved in global intellectual property governance.
Analysts said that the blueprint will improve the innovative environment for enterprises and further improve the legal system for emerging industries in China.
Innovation is the primary driving force for development, and the role of IPRs as a strategic resource for national development and a core element of international competitiveness is becoming more prominent, per the plan.
By 2025, the added value of patent-intensive industries is expected to be equivalent to 13 percent of China's GDP, and that of the copyright industry for 7.5 percent.
The annual trade volume of IPR royalties will reach 350 billion yuan ($54.1 billion). By 2035, the comprehensive competitiveness of IPRs shall rank among the top in the world, per the 15-year plan.
The country will also formulate and revise laws and regulations on strengthening the protection of business secrets, improve the legal system for regulating the abuse of IPRs, and improve legislation covering monopoly practices and unfair competition related to IPRs.
According to the plan, China will accelerate legislation on IPRs in new technologies, new industries, new forms of business and new models, and it will improve the system for protecting IPRs on the internet and of open source.
Market entities should be guided to give full play to the combined effects of patents, trademarks, copyrights and other types of IPRs, and foster a number of world-class enterprises with strong IP competitiveness.
In terms of biological breeding, China will speed up the cultivation of a number of excellent new plant varieties with IPRs and improve the quality of licensed varieties.
https://www.globaltimes.cn/page/202109/1234872.shtml
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