Stronger Chinese Patent Laws Also Help U.S. Companies – WSJ
Stronger Chinese Patent Laws Also Help U.S. Companies – WSJ:
China is blasting past the USA in the patent world. They have already been the most busy patent office in the world for several years.
But now they are the office with the most issued patents: 359,000 issues, up 45% from 2014. WoW!
And we, in the USA are down 1% to below 300k.
Interesting that they pay up to $4,500 (30,000 yuan) for patents. That’s probably more than full reimbursement for the full patent costs in China. People could make money by taking patent applications elsewhere (non PCT) and file them in China. And, that’s apparently what people did. It seems that the motive to get paid the government subsidies for issued patents would incentivate a nice bribery market.
China first stepped into the world of intellectual property in 1985 when joining the World Trade Organization.
Many foreign companies are able to sue, successfully, in China. But, of course, they would only sue once they knew they have a clear-cut case and inspected the political landscape.
I still think that part of the massive move to China for IP is to help cut off the infringers at both ends of the product pirating pipeline from China to USA/EU/Japan: manufacture, distributor/exporter, retailer, and seller.
“Serious obstacles” of IP in China for foreign companies by the State Department is, by all measures an understatement. However, there seems to be progress.
Note that this article is more complete than the one printed in the paper.
