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More checks on way for foreign IPR sales

Transfer of intellectual property rights (IPR) to foreigners, particularly those concerning State security, will be thoroughly scrutinized, according to a regulation passed on Tuesday. The regulation was adopted at the second meeting of the Leading Group for Deepening Overall Reform of the 19th Communist Party of China Central Committee and will be introduced on a trial basis. Chinese individuals and organizations, that would like to sell their IPR to foreign counterparts, will be subject to strict review and cases concerning State security will be under stricter supervision, according to the regulation.

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