Better IPR protection to boost innovation

Addressing a news conference on Tuesday, Premier Li Keqiang echoed the resolve in the Government Work Report, which he presented at the annual sessions of China's top legislature and top political advisory body on March 5, and reiterated the importance of better protecting intellectual property rights (IPR).

As part of the on-going institutional reform, China will set up a new State intellectual property administration, which will perform the combined duties of protecting IPR, accelerating the establishment of an IPR protection system, and registering/granting and administratively adjudicating trademarks, patents and geographical indication of origin. This shows China is attaching greater importance to IPR protection.

Strict IPR protection and resolute actions against IPR violators are necessary for China to expeditiously build an innovation-oriented economy and interactively promote an innovation-driven development strategy. So the move will not only manifest the value of intellectual property, and create a good business and innovation-oriented environment, but also safeguard the legal rights of the main market players and IPR holders.