The country will also look into lowering the thresholds for criminal punishments for those who steal IP, according to guidelines issued by the government on Sunday.
It didn’t elaborate on what such moves might entail.
The US wants China to commit to cracking down on IP theft and stop forcing US companies to hand over their commercial secrets as a condition of doing business there.
China said it’s aiming to reduce frequent IP violations by 2022 and plans to make it easier for victims of transgressions to receive compensation.
The two countries are working toward a partial trade deal and leaving the more controversial issues for later discussions. China’s chief trade negotiator spoke last week about its plans for reforming state enterprises, opening up the financial sector and enforcing intellectual property rights — issues at the core of US demands for change in China’s economic system.
“Strengthening IPR protection is the most important content of improving the IPR protection system and also the biggest incentive to boost China's economic competitiveness,” according to the guidelines. Local governments will be required to implement the strengthening of IP rights, it said.
In May, the US added Huawei Technologies to what’s known as the entity list in an effort to block US companies from selling components to China’s largest technology company. Huawei is accused of being a threat to America's national security, and has denied those claims.
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1 Comment on this Story
srinivasan ranganathan439 days ago
China is the country that has virtually come up both by hook and crook and the US knows it only too well. China has lured the US companies by cutting down the manufacturing and assembling costs thereby forcing them to share technology, robbed their know how by planting spies in their critical areas in aerospace companies like lockheed martin, nuclear facilities and a host of sophisticated technology companies and got valuable manufacturing information, drawing and design details to suddenly catapult itself as the second leading nation and a veritable threat to the US. China has been spying on leaders, indulging in cyber warfare from China and neighbouring North Korea, Pakistan and other friendly countries. The world needs to be vary about China and its intentions.