China’s Ministry of Commerce has worked with other departments to draft a document on protecting the intellectual property rights (IPRs) of foreign companies in China, an official said on August 25.
The document will intensify the crackdown on malicious trademark registration, online IPR infringement and stealing business secrets, deputy minister of commerce Wang Shouwen said at a press conference.
“China has attached great importance to IPR protection and seen visible results,” Wang said.
IPR spending by overseas owners rose to $24 billion in 2016 from $1.94 billion in 2001, an annualized increase of about 18 percent. In the first half of this year, the amount rose 23 percent year on year to