BEIJING -- China will strengthen intellectual property protections next year, raising the cap on damages from patent infringement to five times the holder's loss -- higher than the three times in the U.S. and other advanced economies.
Self-reliant technological development is one of the Chinese Communist Party's objectives under its next five-year plan, running from 2021 to 2025. By establishing tougher protections for intellectual property, Beijing is trying to encourage research into cutting-edge technology at home.
