Protection of Intellectual Property Rights is another hot topic at the conference of the International Chamber of Commerce which concluded on Friday in Stockholm.
At the conference, Eden Woon, Managing Director of Starbucks China told the 300 business leaders that China has been waging a war against IPR violation in recent years.
Woon said many people thought China didn't have laws or regulations against intellectual property rights piracy. In fact China has made a lot of laws protecting IPR. They include the patent law, trademark law and IPR protection law.
In recent two years many cases of IPR violations were tried and the victims won the cases.
“Gradually people are realizing that this is not that the west is telling Beijing what to do, but it is actually hurting. And both media and the government pay great attention to this issue,” said Woon.
Woon told the business leaders that "China is still a very poor country and a lot of poor people still cannot afford very expensive products". On the other hand, the western companies should preserve their copyright. They shouldn't think that it is just a western thing. Many Chinese companies now use the law to protect their copyrights and 8 out of 10 top IPR cases in 2006 were Chinese against Chinese companies.
He also warned the western companies that as the laws and regulations were complete. They should be prepared and observe the law, otherwise, one day they could end up being sued.
The delegates are called to act against IPR violation by setting conditions for investment in a country or a region.
Other main concerns during the conference were trade protectionism and oil price hike as well as food price increase.
Swedish Prime Minister Fredrik Reinfeldt thinks that more land should be used to cultivate food so that production should be increased. As for oil price, he thinks the price hike is natural, but people and government should be prepared. It is also related to deal with climate change.
To face the challenges of oil price hike and deal with climate change, Sweden chooses to opt for more renewable energy such as wind power, nuclear power and hydropower.
The first two-day ICC meeting brought about 300 business leaders to Stockholm.
By Xuefei Chen Axelsson, People's Daily Online correspondent in Stockholm.
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