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Premier Li: China to adopt stricter IPR protection system

Updated: Aug 29,2018 2:33 PM

Premier Li Keqiang said China will adopt stricter rules to protect intellectual property rights, during his meeting with Francis Gurry, director general of the World Intellectual Property Organization (WIPO) in Beijing on Aug 28.

Protecting property rights is the cornerstone of the market economy, while protecting intellectual property rights is a prerequisite for innovative development, according to Premier Li.

To protect IPR is to protect innovation and passion of creative talent, which is of great importance to a nation’s development. And developing countries will not achieve transformation without innovation, he said.

As the world’s largest developing country, China is at a critical stage of economic upgrading, said Premier Li, adding that China will adopt a stricter IPR protection system, in which acts of compulsory transfer of and infringement on intellectual property rights will be severely punished.

China rises to 17th in 2018 Global Innovation Index

Gurry presented Premier Li the 2018 Global Innovation Index report released recently by WIPO.

“Congratulations to China for moving up another five spots from last year. Since 2013, China’s ranking has moved from 35th to 17th. I believe China will continue its development,” Gurry said during the meeting.

“We are aware that China is a developing country, with a long way to go to realize modernization. Chinese people are expecting better lives. To meet their demand faster, an important measure is to promote innovation,” Premier Li said.

The Premier said that in recent years, China has been implementing an innovation-driven strategy and promoting mass entrepreneurship and innovation. This can help gather wisdom to push forward innovation, while creating a large number of job vacancies. People can start their own businesses through innovation, and also innovate through entrepreneurship.

“There is still a big gap between China and developed countries at the moment. We are eager to learn advanced technologies from developed countries. We are also willing to let companies cooperate on paid-transfer of IPR through consultations on an equal footing, based on respect for and protection of IPR as well as commercial and market rules,” he said.

China treats domestic and foreign enterprises equally

Premier Li emphasized that China will protect the intellectual property rights of both domestic and foreign enterprises equally, which are the fruit of their hard work. Such efforts will not only further facilitate innovation, but also push forward the transformation and upgrading of China’s economy.

Gurry spoke highly of China’s achievements in the field.

“Over the past 40 years, China has established an IPR protection system that meets international standards, with domestic and foreign enterprises being equally treated. We especially appreciate China’s efforts in turning IPR protection into a driving force for innovation and economic development,” said Gurry.

WIPO is willing to increase its cooperation with China in safeguarding multilateralism and jointly dealing with challenges, he added.

The Premier said China will be open to suggestions from international organizations, and ensure that any claims raised by foreign enterprises in China are handled legally and equally as domestic firms.

Premier Li concluded that China is willing to increase cooperation with WIPO, and jointly develop international IPR rules that are open, inclusive, balanced and effective, in an effort to further contribute to improving the global IPR governance.