China to deepen reform to promote mass entrepreneurship, innovation

China's cabinet on Wednesday adopted guidelines with detailed measures to boost mass entrepreneurship and achieve innovation-driven growth. China will deepen reforms in innovation-driven development to expand the scope and raise the level of mass entrepreneurship and public innovation, according to a statement released after the State Council's executive meeting chaired by Premier Li Keqiang. Promotion of mass entrepreneurship and innovation will help boost employment, optimize the economic structure and facilitate a shift of growth engines. …

MOFCOM boosts “Yunjian Alliance” to combat IPR infringement and counterfeiting

It is required to strengthen regional coordinationand promote government-business joint action to boost crackdown…, MOFCOM introduced at the press conference on August 3 about China’s efforts to push forward the “Yunjian (Cloud Sword) Alliance” action to combat IPR infringement and counterfeiting. Gao Feng, spokesperson of MOFCOM, said that as Internet economy develops rapidly, IPR infringement and counterfeiting spread both online and offline, which tend to be characterized by organized illegal act, precise distribution of production and sale, information-based logistic payment and fragme…

MOFCOM says the US should cherish its current economic and trade relations with China

Any protective measures taken by the US government would definitely hurt the bilateral economic and trade relations between the US and China and hamper the interests of the two countries' enterprises, China's Ministry of Commerce (MOFCOM) stated on Tuesday in response to the content of the presidential memorandum signed by US President Donald Trump on Monday. In the presidential memorandum, Trump authorized the US trade representative to determine whether China's relevant laws, policies or practices would unreasonably or prejudicially hurt the US' intellectual property rights, innovation or…