Xi Yanchun:

Thank you to Mr. Shen Changyu for the introduction. The floor is now open to questions. Please identify your media outlet before asking your questions.

CCTV:

At the Boao Forum for Asia annual conference recently concluded in China, President Xi Jinping emphasized that enhancing the protection of intellectual property rights is one of the important measures for further opening up. I've got a question for Mr. Shen. What concrete measures will be taken to enhance the protection of intellectual property rights? Thank you. 

Shen Changyu:

Thank you for your question. As you mentioned just now, at the Boao Forum for Asia 2018, with a straightforward stance, General Secretary Xi Jinping reinforced the protection of intellectual property as one of the four major measures to expand openness, once again conveying to the world the firm position of the Chinese government on strictly protecting intellectual property rights by law. His speech has won wide acclaim from the international community. The State Intellectual Property Office (SIPO) has since studied and deployed the work of implementation. Focusing on realizing the spirit of General Secretary Xi's important instructions, we will coordinate the related parties to improve the protection of intellectual property rights, speed up the formation of a protection system covering aspects such as authorization and confirmation of rights, law enforcement, judicial protection, arbitration mediation, and self-discipline, so as to provide a more powerful guarantee of the rule of law for innovators and market players.

We will further strengthen the protection of intellectual property rights in the following four aspects.

The first is to take the opportunity to re-structure the SIPO to actively guide the comprehensive law enforcement of patents and trademarks and to better combat all types of infringement.

Second, we will take the opportunity to revise the Patent Law of the People's Republic of China as a way to expedite the establishment of a punitive compensation system for infringement, so as to raise the cost for IP infringement substantially and fully unlock the deterring effect of the relevant laws.

The third is to regard the construction of intellectual property protection centers as the starting point, and to reduce the time required for authorization, confirmation and protection of rights by establishing more convenient, efficient, and low-cost channels for rights protection. At present, we have established 19 such centers throughout the country. This year we will further expand the scale and improve the layout of these centers. The centers work quite well though they have been established for only a short time; this year we will further optimize the layout.

Fourth, we will take the 40th anniversary of reform and opening up as an opportunity to deepen international cooperation on intellectual property rights, to promote the building of more open, inclusive, balanced, and effective international rules regarding intellectual property rights so that China's intellectual property rights can also be well protected in foreign countries. We hope these measures can create a favorable international environment for Chinese companies "going global."

Thank you.

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