China's Ministry of Commerce (MOFCOM) has worked with other departments to draft a document on protecting the intellectual property rights (IPRs) of foreign companies.

The document will intensify the crackdown on malicious trademark registration, online IPR infringement and stealing business secrets.

IPR spending to overseas owners rose to $24 billion in 2016 from $1.94 billion in 2001, an annualized increase of about 18 percent. In the first half of this year, the amount rose 23 percent year-on-year to $14.3 billion.

The country will improve IPR protection for foreign companies by launching campaigns against violations and stepping up judicial and administrative protection, according to a guideline on ensuring foreign investment growth released last week by the State Council.