China Inspires Emerging Strategic Industries Venturing Abroad

China plans to improve development of strategic emerging industries, according to a guiding opinion jointly released by 10 ministries including the National Development and Reform Commission, State Administration for Quality Supervision and Inspection and Quarantine and State Intellectual Property Office. The paper says that China plans to accelerate foreign trade and expand global market for strategic industries with self-reliant IPRs, good marketing channel and potential market prospect.

According to the paper, the government will promote IPR creation, utilization and administration of IPR, lend support to domestic companies in filing patent and trademark abroad, strengthen intangible asset evaluation of scientific achievement and patents, promote technical innovation and transfer, gradually improve IPR regulations in international trade, duly handle IPR dispute, intensify the fight against IPR infringement.

The opinion encourages Chinese companies to file patent applications in foreign countries, participating in creating international standards, establishing industry alliances and intermediary organizations and normalizing market order. In terms of providing logistic support, the opinion emphasizes its role in assisting companies to enforce their IPRs abroad.