Some IP subsidies and rewards in China will soon be abolished
For some time now, it has been known that the Chinese government provides financial incentives to Chinese nationals and Chinese companies that file domestic and foreign patent, utility model, registered design, and trade mark applications. The Chinese government, for example, subsidises official fees and attorney fees, offers tax breaks, provides financial support, and issues rewards for patent and utility model utilisation. The idea of this generous arrangement is to increase the awareness of IP in China and to encourage Chinese innovators to learn how to protect their IP.