The revised Guidelines for Patent Examination, a new set of rules regulating patent filings in China, will take effect on Saturday, ushering in expanded intellectual property protection for business models, the internet, e-commerce and big data, experts said.
Intellectual property rights are the heart of all cultural business, and modern technology such as big data and cloud computing will provide solutions for new copyright challenges in the era of digital publication, said a senior executive in the industry at a recent forum in Beijing.
China will improve its regulatory framework for intellectual property rights to better support innovation, a senior official with the nation's top patent office said during the Boao Forum for Asia on Friday.
Entrepreneurs should ensure they are primed to keep up with the pace of global expansion, in which intellectual property rules have been deeply embedded, said Wu Handong, a renowned IP expert.
Since 2009, the National Copyright Administration of China has drawn up an annual list of the 10 most important events and facts that influence the nation's copyright business. The most recent 2016 list includes:
A Beijing court ruled on Wednesday that Sony Mobile Communications (China) infringed on the patent of a lesser-known Chinese internet company and ordered the Japanese-funded company to pay more than 8.6 million yuan ($1.3 million) in damages.
China's eastern coastal province of Shandong has achieved major progress in absorbing foreign investments in recent years, especially from Fortune Global 500 companies, thanks to both its strengthened cooperation with foreign multinationals and efforts to improve the local business environment.
Thirty-one Shandong-based companies and brands were highlighted in this year's provincial government work report announced in February, as the government is carrying out a strategy to build a number of internationally in fluential brands.
Shandong, a coastal province in eastern China, saw the most rapid increase in foreign trade of all provinces in the country last year, in contrast with decelerating economic growth worldwide.
Following its financial crisis in 2012-13, which led to years of economic reforms and austerity measures, Cyprus successfully exited its 10 billion euros ($10.62 billion) bailout program in March 2016 and has entered a new phase of economic stability.
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Raymond Zhou
Op Rana
Berlin Fang
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Huang Xiangyang
Chen Weihua
