IP Rights Protection: Chinese companies to improve independent innovation ability

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02:09

Friday marks the start of China's National Intellectual Property Right Protection Week, staged around the World Intellectual Property Day on April 26th. A forum was held to see how Chinese enterprises should protect their copyrights in overseas markets. Tang Bo has more.

Over 1,200 guests from around the world gathered to discuss the future of China in an innovative economy. They recognize China's intensifying efforts to encourage research and development facilities and foster an innovation-friendly environment.

BENJAMIN BAI VICE PRESIDENT, ANT FINANCIAL SERVICES GROUP "Back in 1997 there was barely intellectual property rights in China. But now, China has taken the leading position in the number of patent filings."

THOMAS T. MOGA ATTORNEY, LECLAIRRYAN "I see some large Chinese companies are doing well, but some small ones are hesitant."

China has become a country second only to the US in terms of innovation spending. But it hasn't yet outgrown criticism on alleged acts of copyright theft.

In April, the US slapped over 150 billion US dollars' worth of tariffs on Chinese goods – a result of Washington's 301 investigation into alleged Chinese violations of intellectual property rights.

LIU MINGZHUO VICE PRESIDENT, COOLPAD GROUP LIMITED "Chinese companies should work as a team abroad. I hope there will be a platform where Chinese enterprises can share intellectual property resources."

SU WANG VICE PRESIDENT, JD GROUP "Chinese companies should make more investment on basic research and development so as to grasp core intellectual property rights and further improve their core competence abroad."

TANG BO BEIJING "President Xi announced at this year's Bo'ao economic forum that China will reorganize the State Intellectual Property Office to encourage international technological exchanges and cooperation. Meanwhile, experts say Chinese enterprises should enhance their capacity of independent innovation so as to cope with any possible technological limitations in the overseas market."