China will continue to strengthen punishments for intellectual property infringement and provide equal IP protection to foreign investors and foreign-funded companies, according to the new China Foreign Investment Law.
As part of the effort to improve the country's business environment, the amended law also includes provisions that protect foreign investors' legitimate interests in China, including profits, capital income and IP licensing fees.
Li Shunde, a senior researcher with the Institute of Law at the Chinese Academy of Social Sciences, said: “IP is a crucial factor in improving the business environment; the law is a means to promote international trade in China and to develop the country's science, technology and productivity. Foreign investment refers to more than capital－it also includes investment in the international service trade. With the ongoing trade negotiations between China and the United States, emphasizing IP protection helps to encourage foreign investment and is conducive to regulating companies' development in the country.
Source: China Daily
