Shandong provincial government plans to build an intellectual property right protection center for rubber and tire sector, in a bid to create an environment for fair play and innovation.
Marine, biomedical and petrochemical sectors are also their focuses.
During the 2016-2020 period, the province plans to improve the number of valid registered trademarks in the province to 650,000, and that of well-known brands in China to 7,000. It also expects to invest 20 billion yuan for intellectual property pledge financing.
Over the past few years, Chinese tire producers were fined frequently for intellectual property infringement.
An increasing number of tire producers started to expand their inputs in the sector.
The number of patents owned by Xiamen Cheng Shin Rubber, Shandong Linglong Tire, Aeolus Tire, and Double Coin Tire have all exceeded 300.
The number of Xiamen Cheng Shin Rubber’s patents reached 701.
