Addressing a news conference on March 20, Premier Li Keqiang echoed the resolve in the Government Work Report, which he presented at the annual sessions of China's top legislature and top political advisory body, and reiterated the importance of better protecting intellectual property rights (IPR). As part of the on-going institutional reform, China will set up a new State intellectual property administration, which will perform the combined duties of protecting IPR, accelerating the establishment of an IPR protection system, and registering/granting and administratively adjudicating trademarks, patents and geographical indication of origin. Strict IPR protection and resolute actions against IPR violators are necessary for China to expeditiously build an innovation-oriented economy and interactively promote an innovation-driven development strategy. Strengthened IPR protection will also encourage and protect innovation.

Source: China Daily