Commercial IP management is crucial to companies

Even though China's intellectual property (IP) services have made lot of improvements in recent years, especially after an IP strategy was outlined in 2008, they still need to speed up their development, a government official has told the Zhongguancun forum.

Wang Jingchuan, president of the Patent Protection Association of China, made the remark at an IP session, where he added that, in addition to lacking the needed laws and policies, most Chinese companies and institutions engaged in IP services are small and have little influence.

They also lack international competitiveness and capabilities to open up new markets and there are "still more problems waiting to be solved", Wang said.