Need to make market mechanism healthier

Cheng Shuaihua, director of International Center for Trade and Sustainable Development

Of course, we should respect patents and protect IPR. But one of the main purposes of having patent laws is to encourage innovation and gradually improve existing technologies to widen their applicability. If over-protection or even lawful acquisition of technology appears ugly, then it would hamper the progress of innovation.

China and the US both should move in the same direction to establish a healthy market mechanism that fosters cooperation in technology transfer, and sets a legal standard that can be applied on and by both sides. More important, the US needs to develop a greater sense of mutual trust, abandon its bias and focus more on practical solutions, including working with China to formulate a technical framework to make cooperation workable and profitable.