Chinese President Vows To Boost Intellectual Property Protection

hackingbear writes: In the opening of China's first import-themed trade fair, President Xi Jinping promised tougher penalties for intellectual property theft, a key concern of the Trump administration, in front of leaders and executives from 3,600 companies from more than 170 countries. China has been steadily advancing intellectual property protection over the years. In addition to filing twice as many patents as the U.S. in 2017, up nearly 14 folds from 2001, it is also increasingly being selected as a key venue for patent litigation by non-Chinese companies, as litigants feel they are treated fairly as foreign plaintiffs won the majority of their patent cases in 2015 (though that likely attracts patent trolls). China's journey from piracy to protection models the journeys of the U.S. which had blatantly violated intellectual properties in building its modern industry.

Read more of this story at Slashdot.