Chinese Official: China steps up IPR efforts to speed up the pace of rights protection – Global Times

Dhwani Mehta FXStreet

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.

China to raise penalties on IP theft in trade war compromise - BBG

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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