When foreign investors invest in or work with Chinese state-owned enterprises (SOEs) and state holding companies, they usually assume that assets owned by the central government have a good reputation and are sufficiently solvent. If there are problems, investors expect the government to intervene to help. However, in the complex market for capital transactions, it… Continue reading Misleading Logos and Certificates
Huawei debate: Risks can be managed
The British business magazine The Economist brings a new perspective to the hitherto little differentiated debate on the cyber security risk Huawei: the handling of risks, a central category of risk management. The West fears that Huawei’s equipment could have back doors and that these security holes would allow the Chinese to carry out cyber… Continue reading Huawei debate: Risks can be managed
China’s Social Credit System: Pressure on counterfeiters
The Chinese Social Credit System contains three lists: A (positive) red list, a watch list and a (negative) black list. They already have an impact on companies operating in China. Those on the red list enjoy advantages such as the fast processing of administrative procedures or easier access to credit. Companies whose operations are considered… Continue reading China’s Social Credit System: Pressure on counterfeiters
Operation Cloud Sword: China Fights Cybercrime
The Chinese State will in future pursue cybercrime and theft of trade secrets via the Internet in cooperation with other countries. To this end, the Ministry of Public Security launched an operation called Cloud Sword in July 2019, which focuses on international cooperation in the fight against transnational cybercrime. The new programme is showing first… Continue reading Operation Cloud Sword: China Fights Cybercrime
China wants to disconnect itself from foreign countries technologically
The decoupling of the national economies is also being driven forward rapidly by China. For example, 30% of foreign hardware and software is to be replaced by Chinese alternatives in 2020, another 50% by 2021 and the remaining 20% by the following year. This directive, known in China as the “3-5-2 policy”, could affect 20… Continue reading China wants to disconnect itself from foreign countries technologically
Stronger Protection for Trade Secrets – But Only with Proper Protection Measures in Place
Just last November, the U.S. Department of Justice charged a Chinese employee who had worked for Monsanto with theft of trade secrets for China. The existence of trade secrets is a prerequisite for winning an infringement lawsuit. Although China’s newly revised anti-unfair competition lawhas strengthened the protection of trade secrets, it is still challenging to… Continue reading Stronger Protection for Trade Secrets – But Only with Proper Protection Measures in Place
Deception Package Crawling Services
In the fight against counterfeiting and piracy on the Internet, brand owners must try to identify and eliminate counterfeit manufacturers in the real economy. Those who find illegal sales in Internet marketplaces and online shops with the help of crawling software and only have them deleted manually or automatically cure the symptom. The deleted offers… Continue reading Deception Package Crawling Services
Belt and Road Initiative: The Intangible Silk Road
The Chinese Belt and Road Initiative (BRI) comprises not only logistics and energy projects, economic corridors and digital information and communication systems (Digital Silk Road), but also an Intangible Silk Road consisting of patents, trademarks, copyrights and technical standards. And this immaterial Silk Road is growing rapidly – so far largely under the radar of… Continue reading Belt and Road Initiative: The Intangible Silk Road
Artificial Intelligence: China Pushes Forward
China has released its new Artificial Intelligence Development Plan. It focuses on strategic objectives and the development of new artificial intelligence by 2030, and also includes protective measures, a detailed timetable and a three-step roadmap. By 2020, the national applications of artificial intelligence are to be synchronized with the global development of this technology. Particular… Continue reading Artificial Intelligence: China Pushes Forward
Repeated trademark infringement: High punitive damages in China
Shanghai has a new precedent: The court in Pudong, within the framework of a trademark infringement lawsuit, for the first time imposed the maximum possible punitive damages of 3 million RMB at the time of the judgement, which corresponds to almost 390,000 EUR.almost 390,000 EUR. As of December 1, 2019, the statutory punitive damages will… Continue reading Repeated trademark infringement: High punitive damages in China
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