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China to improve IP protection


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Written on 18 September 2014

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 protected. 
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 policies.
"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

About the Author

Lawdit Solicitors offer services and advice for litigation, commercial contracts, Intellectual Property and IT legal agreements. We are experts in commercial law with a heavy emphasis on Intellectual Property, Internet and e-commerce law. Lawdit is a member of the International Trademark Association, the Solicitors' Association of Higher Court Advocates and we are the appointed Solicitors to the largest webdesign association in the world, the United Kingdom Website Designers Association.

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Article Published/Sorted/Amended on Scopulus 2014-09-23 09:32:28 in Legal Articles

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