Hello everyone! Our friends at AFD China recently released their monthly newsletter. Please see below for the highlights from the July edition:
- China issued a development report, marking the fifth anniversary of the implementation of the National IP Strategy. The report showed an upward trend in efficiency and development for the country.
- Spending and research by the Chinese is increasing and solidifying the country as a major competitor in the global marketplace, only second to the United States.
- There has been an increase in Intellectual Property Lawsuits involving overseas corporations from January to May of this year. Last year, only 1.7% of lawsuits were foreign, while 2% of 504 lawsuits involved overseas companies for the first 5 months of 2013.
- As this article explains, China has some of the strictest intellectual property laws anywhere in the world. However, enforcement and implementation of these laws still poses a problem.
- China has toughened their policies relating to trademark infringement, as steeper fines will be issued to violators.
- Lastly, the 6th IP5 Meeting was held in the United States from June 3-5th. Heads from China, the United States, Europe, Japan and South Korea discussed the latest developments and next steps for the five offices.