On November 5th 2018, at the inauguration ceremony of the first-ever China International Import Expo held in Shanghai, President Xi Jinping reassured investors, especially foreign enterprises, on the administration’s determination to protect their intellectual property rights in China. In the speech, President Xi announced that in order to significantly increase the cost of infringing IPR in China, a punitive damages system would be introduced. It is not the first time that the Chinese government has pledged to increase the deterrence effect of the current regimes against IPR infringement. In fact, proposals on introducing punitive damages have been given before, for example, in the draft 4th revision of the Chinese Patent Law which was issued for public consultation back in December 2015. However, now that President Xi has himself highlighted it in a speech, it may mean a change is coming soon. In another big announcement, made last month by the de facto legislative…
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