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Why China’s intellectual property protection matters to Beijing and Washington
- Intellectual property is seen as strategically vital by both nations
- China’s growing stake in IP, and obligations under its phase one trade deal with the US, have contributed to advances in its IP protection
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This is the third in a series of reports on Chinese intellectual property as Beijing seeks to make IP protection a central part of its new development strategy.
In US President Joe Biden’s first big speech to Congress last month, he cast US-China relations as a battle for the century, with intellectual property as one of the key issues.
Speaking about his discussions with Chinese President Xi Jinping, Biden said: “America will stand up to unfair trade practices that undercut American workers and American industries, like subsidies from [the] state to state-owned operations and enterprises and the theft of American technology and intellectual property [IP].”
China, meanwhile, has signalled that IP protection is a priority in its 14th five-year plan for 2021 to 2025, as part of its strategy to move towards self-reliance in critical technology. Government economic planners last month published a guidebook detailing how they intended to strengthen the protection of IP and raise high-value patent ownership over the next five years, and Beijing is this year set to reveal its strategic plan to make China a global IP power by 2035.
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