Executive Briefings

China Becomes Quite Protective of Its Patents

For over a decade Schneider Electric of France has bombarded a Chinese firm, Chint Group, with lawsuits accusing it of copying its technology. But the tables turned on April 15 when the two companies settled an infringement case--with the French firm forking over $23m to Chint. The rich settlement against a foreign firm is a landmark. It serves as a reminder that Chinese companies are just as eager to defend patents as Western firms, and that China's intellectual-property regime has been tightened in recent years.
Source: The Economist

For over a decade Schneider Electric of France has bombarded a Chinese firm, Chint Group, with lawsuits accusing it of copying its technology. But the tables turned on April 15 when the two companies settled an infringement case--with the French firm forking over $23m to Chint. The rich settlement against a foreign firm is a landmark. It serves as a reminder that Chinese companies are just as eager to defend patents as Western firms, and that China's intellectual-property regime has been tightened in recent years.
Source: The Economist