Politics
22:45, 23-Dec-2018
China's top legislature bimonthly session: Draft laws and revisions to be reviewed
Updated
21:44, 26-Dec-2018
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China's top legislature started a bimonthly session on Sunday, with legislators scheduled to review multiple draft laws and revisions.
During the week-long session, the National People's Congress Standing Committee will deliberate draft laws on foreign investment and vaccine management, as well as draft revisions to patent law.
Reports on medical fund use and marine environment protection will also be discussed, according to the agenda.
The top legislature on Sunday also started a second reading on draft revisions to laws on judges and prosecutors intended to strengthen the protection of their rights and interests.
China mulls over law protecting patent owners' rights
The protection of patent owners' rights will be strengthened in China, according to a draft amendment that was submitted on Sunday for review at the bimonthly session.
The draft amendment of the patent law proposes to increase compensation for patent infringement. The compensation amount can be calculated by multiplying the losses of the obligee, the benefits gained by the infringer, or the licensing fee by one to five.
According to the draft, courts can raise range of the compensation amount to 100,000 to five million yuan (around 14,400-720,000 U.S. dollars) from the current range of 10,000 to one million yuan.
Source(s): Xinhua News Agency