China will roll out a guideline to better use foreign investment with a focus on safeguarding the national treatment of foreign-funded enterprises.
The guideline, which was adopted in principle at an executive meeting of the State Council held on October 16, puts forward 20 policies in four aspects to create a more "fair, transparent and predictable" business environment for foreign-invested enterprises, said Vice Minister of Commerce and Deputy China International Trade Representative Wang Shouwen on October 29.
The country will also strengthen the standardization of the implementation of regulatory policies and make the formulation of regulatory documents more transparent, he said.
China will give full play to the role of judicial protection of IPRs, improve the IPRs protection mechanism, support both domestic and foreign enterprises in their fair participation in standardization, and ensure their equal participation in government procurement, Wang said.
Meanwhile, China has raised the efficiency of its approval process for trademark patents. At present, the average approval cycle for invention patents is just under two years, and the time of approval for trademark registration averages less than five months, Zhang said.
Source:Xinhua
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