China’s attitude toward the protection of intellectual property rights (IPR) is clear and firm, according to a white paper released by the Information Office of the State Council titled “The Facts and China’s Position on China-US Trade Friction.”

The white paper said the intensified IPR protection has served as an effective guarantee for foreign businesses to innovate in China. According to the Peterson Institute for International Economics (PIIE), China’s protection of intellectual property is improving. China’s payment of licensing fees and royalties for the use of foreign technology has recorded a four-fold increase over the last decade, reaching 28.6 billion US dollars in 2017 and ranking fourth in the world. China ranks second globally in the scale of licensing fees paid for technology used within its national borders, second only to the United States.

According to the white paper, China Customs won the National Public Body Award of the Global Anti-Counterfeiting Network in 2011. In 2012, the Economic Investigation Bureau of the Ministry of Public Security won the award for Distinguished Contributions to Anti-counterfeiting Enforcement.

Source: Chinadaily