China Launched 10-Year National Patent Development Strategy

During the 4th China Patent Week China launched the National Patent Development Strategy (2011-2020). The strategy focuses on:

• International cooperation in patent protection and utilisation;
• preferential policies to encourage R&D by high-tech companies, research institutes and colleges;
• Overseas IP websites so that foreign companies can check patent info;
• Establishment of organisations for patent trading in big cities.

To have a long term vision of a decade (the life-span of a utility patent and also design patent and half the life-span of an invention patent) is praiseworthy, although we have to see what the preferential policies exactly entail.

Read Hao Nan's China Daily article here.