China to improve IP protection
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China is vowing to increase efforts to protect intellectual
property rights. Experts advise that this will help boost economic
development and attract foreign investment.
Scot Morris, a senior official from the International
Confederation of Societies of Authors and Composers stated:
"A 1-percent increase in copyright in developing
economies, there is a 7-percent increase in foreign direct investment.
And that is through things such as cultural tourism, festivals, films,
broadcasting, recording industry, digital content, and export."
China hopes to see interest from foreign countries like
India has in the past. When India provided protection for intellectual
property rights there was an increase in foreign investment because
international companies knew that their rights would be
Yu Cike, China's National Copyright Administration says
China has created a favourable environment for copyright-based
industries. He says China is also set to build a round up system to
protect intellectual property rights through better regulation and
"We should collect opinions from all walks of life, and
resolve the most urgent problems we are facing in copyright protection.
At the same time, we will study their interests and demands, and
balance the interests between creators, distributors, and the public."
The overall objective for the country is to protect
intellectual property such as copyright and trade marks, so that it
encourages others to produce more intellectual property, safe in the
knowledge that their ideas and inventions will be protected.
Written by Thomas Mould
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Article Published/Sorted/Amended on Scopulus 2014-09-23 09:32:28 in Legal Articles