Source: Xinhua - September 28, 2008
Chinese Premier Wen Jiabao on Saturday called on domestic exporters to develop their own brands and intellectual property rights and improve product quality.
In a brief meeting with the entrepreneurs attending the 2008 Summer Davos, also known as the Annual Meeting of New Champions, Wen acknowledged that China's exports have been growing very quickly, but they do lack brands and their own IPRs in particular.
"The competition in the current world is actually decided by intellectual property rights," he told the entrepreneurs shortly before addressing the opening ceremony of the economic forum organized by the prestigious World Economic Forum. Read more
Sort of a striking contrast between the largest Capitalist economy and the largest Communist economy.