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China’s New Five-year plan targets ‘Hi-tech’ IP

According to Chinese media, the country’s next five-year plan (running from 2021-25) and longer-term strategy will include stronger IP rules in an effort to end reliance on US technology. The comments came from Shen Changyu, head of the China National Intellectual Property Administration (CNIPA), speaking to reporters in Beijing.The Chinese government is also committed to tighter controls on the transfer of Chinese IP rights abroad. Last year, Beijing blocked Chinese social media company ByteDance’s sale of video-sharing platform TikTok, calling it “extortion”. Reforms to the country’s patent system are set to enter force on June 1, including higher damages awards for infringement and expedited enforcement procedures.

Source: World IP Review

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