US Reiterates Call for China to Strengthen IP Safeguards


China has failed to bolster protections for intellectual property and open its market to more foreign companies, despite Beijing’s promises to reform, the Trump administration said. The US kept China on a “priority watch list” of nations that don’t adequately protect IP rights, according to the annual report of the US Trade Representative’s office on IP practices around the world. “Despite a broad government reorganization, including of intellectual-property responsibilities among government agencies, and proposed revisions to IP laws and regulations, China failed to make fundamental structural changes to strengthen IP protection and enforcement, open China’s market to foreign investment, allow the market a decisive role in allocating resources, and refrain from government interference in private sector technology transfer decisions,” USTR said Thursday. There’s an “urgent need” for China to strengthen its IP safeguards, such as by preventing the theft of trade secrets, online piracy, and the “high-volume manufacture and export of counterfeit goods,” the trade agency said.

 

Bloomberg