Organizations and individuals in China engaging in severely dishonest behavior in the field of intellectual property right will face restrictions or bans on a wide range of economic activities, according to a document released by the National Development and Reform Commission on November 4. 38 Chinese government authorities, including the NDRC, will share information and impose multiple punishments on entities engaged in severely dishonest behavior in the field of IPR, such as declining to execute punishments on patent violations and submitting fake documents when applying for patents, according to a memorandum of cooperation signed by the authorities released on November 4. With the multiple punishments taking effect by the end of December as scheduled, organizations and individuals with records of severe dishonesty regarding intellectual property will face difficulties in getting external financing. Such entities will also face restrictions over a wide range of economic activities, such as participating in government purchasing as suppliers, setting up or becoming senior managers of financial institutions, and obtaining land supplied by the government. In addition, market supervision authorities will forbid such entities from producing or selling imported and exported goods related to the dishonest records for a certain period. The system, which is expected to be fully operational by the end of 2020, will rank individuals and enterprises and punish violators engaging in unethical behavior.

Source: Ecns.cn