China will follow through on new investment law, premier pledges

Jacob Parker, vice president of China operations at the US-China Business Council in Beijing, said his group was pleased with the last-minute changes to further protect foreign firms’ commercial information. “The addition of language imposing criminal penalties for sharing sensitive foreign company information adopts a much tougher deterrent against counterfeiting and IP theft and will offer new avenues for the enforcement of IP protection,” he said. However, Parker added that “while the language on criminal liability is positive, it will be difficult to enforce.”