Trade secrets have long been one of the most often-overlooked facets of a business’s intellectual property portfolio. Many businesses believe that unless they have a “secret formula” like Coca-Cola’s, they don’t have any trade secrets. However, in most cases, the opposite is true. Almost every business possesses information that is more valuable because fewer people know it.
The Chinese government announced a plan to increase protections for intellectual property rights this week, including more costly fines for violators. The state television report also touched on speeding up the patent application process and shortening trademark waiting time. In addition, the Chinese government will also reportedly begin promoting “IP pledge financing.”
As a business owner, you know how important relationships are for the success of your company. You likely strive to develop a company culture that will attract those with whom you want to do business.
Once a business decides their next endeavor is the Chinese market, the next logical step is deciding how to do it. For some, the best course is to set up a separate business organization in China. Below, we outline the most common legal structures for foreign-invested business in China.
Made in China 2025 is a ten-year plan aimed at quickly updating China’s manufacturing base to more high-tech products. When it was introduced in 2015, it drew a lot of attention by global leaders – especially in the United States.