China has demonstrated an unprecedented rise in power as a centre of technological power and aims to become the world leader in technological innovation by 2050. These ambitions offer great opportunities for European organisations that transfer technology to and from China. To effectively transfer technology to China, your organization relies heavily on the latest guidelines and regulations implemented by the Chinese government. In an effort to boost China`s innovation capabilities and break dependence on foreign technology, the Chinese government has officially presented the National Innovation Plan to make China`s economy a leading technology powerhouse by 2020 and, by 2050, the world leader. In 2015, the Chinese government also launched “Made in China 2025,” a state-led industrial policy that aims to make China predominate in global high-tech production. In-depth technical information, feasibility demonstration and technical assessment report, project mission and plan, technical standards, technical specifications, original planning and procedural documents, as well as other technical documents relating to the performance of the contract may be used as a contractual element, in accordance with the agreement of the parties. Point 301 of the report also raises concerns about other legal, policy and practices related to technology transfer, intellectual property and innovation. These concerns include activities and strategies in the areas of national security, cybersecurity, inadequate intellectual property protection, anti-monopoly legislation and practice, standardization legislation and talent acquisition policy. Some of these issues are addressed in the agreement, including intellectual property protection, including counterfeit internet products, counterfeiting, counterfeiting and the application of intellectual law, including the application of civil, criminal and administrative law.
With regard to the third concession, the situation is much less clear. Whether or not the MiC2025 policy is still a central China government policy, its ambitions and objectives will certainly remain. The Chinese government`s involvement in strategic enterprises is ubiquitous. The fact that the Chinese government has agreed to limit its participation in decisions on foreign investment to acquire foreign technologies in this context is not a minor thing. 3. Apart from this, China also undertakes not to direct or support foreign investment to acquire foreign technologies under distorting industrial plans.