China's private economy is an important engine of economic development. To further promote its development and growth, the Central Committee of the Communist Party of China and the State Council issued important opinions. It is noteworthy that this opinion specifically emphasizes the need to continuously improve the intellectual property protection system. The specific opinions are:
- Strengthen the protection of original innovations of small and micro private enterprises.
- Strictly implement punitive compensation for IP infringement and injunction.
- Establish rapid processing for IP infringement and improve the cross-regional jurisdiction system for IP courts.
- Improve IPR protection measures for business improvement and cultural creativity, and severely crack down on unfair competition such as infringement of trade secrets, counterfeiting, and trademark squatting.
- Intensify the criminal crackdown on IP infringement. Improve the guidance for responding to overseas IP disputes.
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