Days ago, EU Chamber of Commerce in China has released the 2015 Business Confidence Survey in Beijing. According to the report, among the top 10 factors influencing the investment of EU enterprises in China, intellectual property protection ranks No. 7, which means it is still the major concern for EU enterprises. More than 540 EU enterprises that operate in China have participated in the survey, most of them believe that China has built a sound legal and regulatory system of intellectual property with the highly effective reconstruction of IP legal policies.
According to Joerg Wuttke, Chairman of EU Chamber of Commerce in China, although the economic growth of China is slowing down sustainably, China is still the preferred investment destination for EU enterprises. As China enters the era of normal economic development, innovation will become one of the key factors to promote the improvement of China's economy value chain. He also thinks high of the recent introduction of “Made in China 2025” by the Chinese Government. While in his opinion, the government should also focus on the market demand and strengthen the support to technical transfer while increasing the R&D investment, and help create the legal paradigm for R&D investment productization with effective legal protection. All of these requires further development of financial system, increased enforcement of intellectual property law and regulations, as well as nurturing a business environment of fair competition for innovative enterprises to grow.
As widely known, EU Chamber of Commerce in China, established in 2000, is an independent non-profit organization. It now has about 1,800 enterprise members, and has established 7 branches in nine cities including Beijing, Shanghai, Guangzhou, Shenzhen and Chongqing. (Source: China Intellectual Property News)