(Yicai Global) Nov. 25 -- China will fortify penalties imposed on violators of intellectual property rights, according to Gan Shaoning, deputy director of the National Intellectual Property Administration.
The NIPA and other authorities have jointly issued a series of measures on strengthening intellectual property rights protection while continuing efforts to clamp down on such acts and greatly increase the cost of any infringement.
The measures provide an overall arrangement for IPR protection, Gan told a press conference in Beijing today. They include increasing institutional constraints and social supervision, enhancing protection procedures, strengthening international cooperation and communication to effectively curb the number of cases of infringement by 2022.
China has made progress in IPR protection this year, including the revised trademark law that went into effect on Nov. 1, which raised the amount of compensation for malicious trademark infringement from up to three times the damage inflicted to up to five times, Gan said.
Meanwhile, the authorities have improved the efficiency of trademark and patent reviews to make IP protection faster. China has set up 25 IPR protection centers nationwide to provide convenient, efficient and low-cost channels.
The country will strictly protect the intellectual property rights of global applicants in China, treat and protect domestic and foreign companies equally, and create a better environment for innovation and business, Gan added.