Intellectual Property Protection and Financial Incentives among Measures to Spur Local Firms

2020/04/20

Faced with the economic and social challenges brought by the novel coronavirus pandemic, the Xi’an Hi-tech Industries Development Zone has issued 15 measures to optimize the business environment and achieve high-quality development this year, said local officials.
Over the past few years, the zone has aimed to protect intellectual property rights and promoted related industries.
The zone will establish an intellectual property service system and introduce incentive policies for intellectual property institutions.
“We should build a coordinated operation mechanism, improve online and offline IPR protection assistance, and form a relatively complete intellectual property rights protection system,” a staff member in the zone said.
Under the mechanism, the zone will provide enterprises with specific services and guidance. This includes: intellectual property legal consultation; rights protection assistance consultation, involving patents, trademarks, copyrights, trade secrets; and provide detailed legal operation advice.
At the same time, it will also build a legal protection system under the Belt and Road Initiative by setting up a Silk Road Arbitration Center. It will resolve commercial disputes involving countries involved in the BRI by arbitration.
In order to stimulate enterprises, China issued a series of tax reduction and fee-reduction policies, which is a symptomatic solution to the “fund hunger” of enterprises.
 
Source: China Daily