IPR Protection Boosts Internet Economy

IPR Protection Boosts Internet Economy

2017/9/30

While raising doubts over China's intellectual property laws and practices, the United States should not ignore the progress Beijing has made in these areas. For example, guaranteeing full protection for intellectual property rights online is a difficult task, yet the government has taken measures to address the problem and made remarkable progress in this regard.
According to a China Internet Network Information Center report, by the end of last year China had about 731 million internet users, and the total value of internet copyrights exceeded 560 billion yuan. But online piracy, too, has grown with the internet industry, harming IPR protection online. Thanks to strengthened IPR protection, more online video copyright owners are getting their share of payment. This year's Global Music Report, issued by the International Federation of the Phonographic Industry, says the digital music industry markedly increased in scale last year to hit 15 billion yuan. Strengthened online copyright protection has also facilitated technological and cultural innovations and creations, a new driver of economic growth. As such, better IPR protection will boost the mobile internet, the internet of things and other related sectors, including artificial intelligence, and help China to become a stronger internet economy.

Source: China Daily




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