China and Intellectual Property Rights

1240 Words5 Pages
China and intellectual property rights In the global business arena the concept of intellectual property has drawn much more attention now than there before, globally the protection of intellectual property is at a dynamic stage, the international cooperation on science and technology and the development of economy and trade, the legal protection of intellectual property is playing a significant role in society. According to the World Intellectual Property Organization (WIPO) intellectual property refers to the creations of human minds which include among others, inventions, literal and other artistic works, symbols and names and designs used in commerce (WIPO, 2002). Intellectual, unlike other assets is intangible and owned by the creators, legally it becomes an asset in the sense that it can be owned and dealt with. Copyrights, patents, trade marks are other terms used to describe intellectual property. This can be categorized into two major areas namely industrial property which includes inventions (patents), trademarks, industrial designs and geographical indications. Copyright is another category which comprises literary, artistic works and musical works. The rights related to this category including those of artists in their performances, producers of phonograms in their recordings, radio and television broadcasters in their programs aired on television or radio In China "intellectual property" is quite a distant and foreign idea in respect with the treatment it
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