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China rising from low-cost manufacturer to innovator (3)

(Xinhua)    16:24, April 09, 2014
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STRONGER IPR PROTECTION NEEDED

Another major concern is the country's weak intellectual property rights (IPR) protection regime.

China is implementing an indigenous innovation strategy, promoting the development of technological innovation in domestic firms, eventually leading to the ownership of their own core IPR.

Entrepreneurs, especially from foreign firms and start-ups, worry that registering patents and proprietary information would open the door to theft and competition from lower-cost manufacturers.

China may not face talent shortages in its innovation drive, but lack the right environment, or to be more specific, IPR protection to encourage innovation, said Leo Melamed, Chairman Emeritus, Chicago Mercantile Exchange.

Efforts are stepping up to shore up IPR protection. China will try to set up a special court for IPR cases, according to the Supreme People's Court's work report for 2014. The practice, which is common in some developed countries, is believed to improve the efficiency and accuracy of dealing with IPR piracy cases.

In addition to economic and legal policies, experts argue it is critical to nurture an innovation-friendly culture.

High innovation requires people with the right culture, or the right values. It is critical to encourage skepticism, curiosity and exploration in society, Phelps said.

【1】 【2】 【3】

(Editor:KongDefang、Yao Chun)

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