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Guangdong: Government Announces Plan to Award Innovators

2015/10/15

IP rights violations will be recorded in people's social credit system, according to a plan unveiled by the provincial government on October 10. The plan also encourages innovation by small companies and universities through offering awards and subsidies. Each year the government will support 200 projects initiated with patented technologies in emerging industries. Patent-based projects are targeted to generate revenue of RMB50 billion (USD7.9 billion) by 2017, the plan states.


Source: Nanfang Daily/China Daily




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