Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ News / World/  China plans stronger protections for intellectual property rights
BackBack

China plans stronger protections for intellectual property rights

The upper limits on legal compensation should be raised substantially
  • The document said that by 2022, China should be making progress in issues that have affected intellectual property rights enforcement, such as low compensation, high costs
  • The upper limits on legal compensation should be raised substantially. (Reuters)Premium
    The upper limits on legal compensation should be raised substantially. (Reuters)

    SHANGHAI : China said on Sunday it would seek to improve protections for intellectual property rights, including raising the upper limits for compensation for rights infringements.

    An opinion document released by the State Council and Communist Party's Central Office on Sunday evening called for a strengthening of protections through both the civil and criminal justice systems and an effective enforcement of penalties.

    The upper limits on legal compensation should be raised substantially, it said.

    The document said that by 2022, China should be making progress in issues that have affected intellectual property rights enforcement, such as low compensation, high costs, and the difficulty of proof. By 2025, there should be a better system of protection in place.


    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
    More Less
    Published: 24 Nov 2019, 05:49 PM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App