Intellectual Property (IP) constitutes an important business asset for small- and medium-sized enterprises as it provides them with a comparative advantage over competitors and protects their innovations. To protect IP rights, China has been carrying out systematic reforms and technological innovations in this sector. Chinese President Xi Jinping has stressed that IP rights protection relates to the modernization of China's governance system and the overall situation of the country's opening up to the outside world. In this episode, let's take a look at China's years of efforts in intellectual property protection.