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Mergers of hi-tech firms to be overseen
(Xinhua)
Updated: 2006-02-27 14:14 China is going to establish a special committee to
oversee Chinese-foreign mergers of hi-tech enterprises in order to protect
China-grown intellectual property.
According to new incentive policies encouraging scientific and technological
innovation which were issued by the State Council Sunday, the special committee
will review and investigate such mergers and technology exports.
The State Council also urges governmental bodies and trade associations to
establish an alert system to monitor barriers to Chinese exports.
According to the polices, the Ministry of Science and Technology and the
State Intellectual Property Office are asked to establish a platform to provide
information and strategic analyses of global intellectual property.
The State Council also urges concerned departments to actively participate in
international standardization efforts.
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