Premier Li Keqiang Vows to Conduct Pilot Integrated Management of IP

On March 5th, the 5th Session of the 12th National People's Congress opened at the Great Hall of the People in Beijing. On behalf of the State Council, Premier Li Keqiang delivered the report on the work of the government. Li Keqiang said we will continue piloting reforms for all-around innovation. We will begin piloting reforms to conduct integrated management of intellectual property rights and improve the system for creating, protecting, and applying intellectual property rights. We will work faster to improve the property rights protection system and protect in accordance with law the property rights of economic entities under all forms of ownership and the property rights of citizens. Activities that infringe on the property rights of businesses must be investigated and dealt with severely; anything that has been done wrong must be corrected.

Li Keqiang said, last year, further progress was made in pursuing the innovation-driven development strategy, and a number of world-leading achievements were made in science and technology. Emerging industries were thriving, and the transformation and upgrading of traditional industries accelerated. People were busy launching businesses or making innovations. The number of in-force Chinese patents issued in China passed the million mark, and the value of technology transactions exceeded one trillion yuan. The contribution of scientific and technological progress to economic growth rose to 56.2 percent, and innovation's role in powering development grew markedly.

Li Keqiang said, to deliver a good performance in 2017, we in government should stick to the following guidelines. First, we should make progress while maintaining stable performance and keep our strategic focus. Second, we must give priority to improving supply-side structure. Third, we should expand aggregate demand as appropriate and improve its efficacy. Fourth, we should rely on innovation to replace old growth drivers with new ones and speed up structural improvement and upgrading. Fifth, we should solve prominent problems of public concern.

Li Keqiang said, protecting property rights means protecting labor, protecting invention and innovation, and protecting and developing productive forces. We will work faster to improve the property rights protection system and protect in accordance with law the property rights of economic entities under all forms of ownership and the property rights of citizens. We will encourage people to start businesses, make innovations, and create wealth, and we will inspire and protect entrepreneurship,and ensure that entrepreneurs can run their businesses and make investments with peace of mind. Activities that infringe on the property rights of businesses must be investigated and dealt with severely; anything that has been done wrong must be corrected.

Li keqiang said, the real economy has always been the foundation of China's development; the task we now face is to speed up its transformation and upgrading. We will do more to implement the strategy of innovation-driven development, upgrade the structure of the real economy, and improve its performance and competitiveness. First, we will strengthen our capability for making technological innovations. We will begin piloting reforms to conduct integrated management of intellectual property rights and improve the system for creating, protecting, and applying intellectual property rights. We will improve mechanisms for providing continued long-term support for fundamental research and original research, build major national infrastructure projects for science and technology and set up technological innovation hubs, and establish platforms for sharing R&D resources. We will continue piloting reforms for all-around innovation. We will see our universities and research institutes truly operate with autonomy, ensure that incentive policies like stocks, options, and dividends are implemented. We will encourage large enterprises, research institutes, and universities to establish specialized spaces for crowd innovation; we will strengthen support for innovative medium, small and micro businesses. All this should help entities to fully exploit their own strengths and interact both on- and off-line, and market dynamism and social creativity being fully unleashed.

Source: China IP News