BIZCHINA> IPR Issue
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BIZCHINA> IPR Issue
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Made-in-China IPRs
(China Daily)
Updated: 2007-04-25 08:51 Chinese enterprises have reason to worry about the adverse impact that Western countries' tough stance on protecting intellectual property rights (IPRs) may exert on their bottom lines. Intensified trade disputes over IPR-related issues will more than likely make a dent in the profits of many domestic exporters. However, for Chinese enterprises to succeed in the era of the knowledge-based economy, the more pressing task is to substantially boost their own development of intellectual property. In the long run, IPR-based competitiveness will replace China's current comparative advantage of low labor costs. IPRs will beome the major factor behind Chinese enterprises' survival in both domestic and international markets. This is a key message senior Chinese officials were trying to drive home at the China High-Level Forum on Intellectual Property Right Protection held yesterday inBeijing. As a condition for entry into the World Trade Organization, since the year 2000, China has been carrying out a thorough revision of laws and regulations relating to IPR protection to ensure they comply with international conventions. (For more biz stories, please visit Industries)
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