China increases fines for IPR violators
Chinese analysts believe that it helps growning the domestic market
/NOVOSTIVL/ China has its own timeline for enhancing intellectual property rights (IPR), a longstanding focus of the government to boost innovation. Enhancing the IPR protection mechanism is not meant to cater to any US request amid the trade war, but to help the domestic market grow. This article appeared in the Global Times.
China will increase the penalties for violators of market regulations in areas such as IPR protection, so that violators will "go bankrupt" and "have no place to hide," the country's top market regulator said Monday.
While acknowledging the difficulties and challenges in regulating the vast Chinese market, both online and offline, the officials also vowed to take more targeted measures to ensure market fairness and stability.
"Making counterfeit products is an IPR violation that must be cracked down on severely," Zhang Mao, head of the State Administration for Market Regulation (SAMR), told a press briefing on the sidelines of the two sessions.
Damages for IPR infringement are relatively low in China, so such penalties are unlikely to play an effective role in preventing violations. It has been a major focus of the government to increase the penalties in recent years, Zhao Zhanling, an analyst at the Center for IPR Studies at the China University of Political Science and Law, told the Global Times. "The move shows that China is taking IPR protection very seriously, and it will incorporate more detailed measures from the legal perspective," he said.
A new draft amendment to China's patent law was submitted to the National People's Congress (NPC) for review last December, which is also part of the country's broader efforts to boost IPR protection.