Chinese Official: China steps up IPR efforts to speed up the pace of rights protection – Global Times
|China’s news publication, The Global Times, reported the latest comments from a Chinese official, who responded to speculations of China's intellectual property rights (IPR) having any linkage with China-US trade talks.
The official said: “China's decision to enhance IPR is an inherent demand of its development, as China is promoting innovation-driven development, and IPR is an indispensable basis.”
“China has been stepping up efforts to shore up IPR by raising the penalty for infringement violations and shortening the reveal progress of related cases to speed up the pace of rights protection”, the official added.
Despite the renewed trade optimism driven risk-on sentiment, markets remain somewhat cautious, as clarity on the trade front is still missing heading closer to the Dec 15 tariffs hike.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.