Courts rise to meet challenge of IPR cases

The number of intellectual property rights cases handled by Chinese courts increased significantly in 2018, showing that the country is increasingly aware of its importance in pursuing high-quality economic development, the Supreme People's Court said on Monday in a white paper. Courts at all levels accepted a total of 334,951 IPR cases in 2018, up by 41.2 percent from the previous year, according to the court, which released the white paper - Intellectual Property Protection by Chinese Courts in 2018 - in Hefei, Anhui province.

NDRC: to explore the establishment of a punitive damage system for IPR infringement

According to the official website of National Development and Reform Commission (NDRC), recently, the department of comprehensive reform on economic system under the NDRC held a meeting on coordination mechanism for property protection. It was pointed out at the meeting that as a next step, the IPR protection work should be sustained in a profound and practical fashion. The identification and redressing work on property-related dispute cases should be advanced for bigger progress. The cases of property judicial protection should be released on a regular basis and the revised provisions on hand…

Nation leads world in blockchain projects

Industries are stepping up efforts in blockchain technology to serve the real economy, even though the global cryptocurrency market could be facing tough times. As of November, China led the world in new blockchain projects, with 263 in progress. The figure accounted for about 25 percent of such projects globally, according to data service provider Blockdata in Beijing. Blockchain refers to the technology that underpins cryptocurrencies, but its real value goes far beyond that. In the digital ledger system, transactions are recorded chronologically and publicly, ensuring that data is secure an…