The move is aimed at improving the legal environment, enhancing market value and strengthening the management of IP rights in China, according to the country’s State Council.
The plan contains several major indices, including the number of patents for every 10,000 people and the public’s satisfaction degree in intellectual property protection. According to the State Council, these should reach 12,000 and 80 percent by 2020.
China’s plan calls on relevant government departments to strengthen the legal system for IP, enhance the efficiency of protection, and improve its quality and market value, as well as speed up the construction of key IP enterprises, cities and provinces, in a bid to achieve its targets.
According to reports, the Shanghai Intellectual Property Administration set up a transaction centre on 13 January, to assist with the monetisation of IP rights. It will offer discounted services to small and medium-sized enterprises.
Improvements to patent, copyright and trademark laws will also figure in China’s new IP plan, while studies into protection rules for emerging fields such as ecommerce and the internet will be conducted.