Legitimate owners of intellectual property lose billions of dollars annually to Chinese counterfeiters. This reduces investment of capital, technology, innovation and know-how, and increases the cost of production for foreign investors. Mr. Kennedy discusses practical anti-counterfeiting strategies such as keeping a close eye on your authorized suppliers, and frequently checking in with your legal and consultant team.
Regulations concerning the protection of intellectual property in China are steadily improving. Whether operating inside or outside of China, companies taking early action to protect their intellectual property in China will be better equipped to take legal recourse. Eugene Yu shares a checklist of best practices for companies to protect their trade secrets and IP in China.