China and Japan move to protect intellectual property rights
China and Japan, in the effort to constrain the economic crisis, agreed to start a working group on protecting intellectual property rights.
“If an issue related to intellectual property rights occurs, we’d like to consider solving specific problems using this working group,” Chinese Commerce Minister Chen Deming said after meeting Japanese cabinet ministers at the countries’ High-Level Economic Dialogue.
Sachiko Sakamaki and Takshi Hirokawa report in an article published on Bloomberg.com on June 7, 2009, that China is Japan’s largest trading partner, and Japanese companies have complained about the mainland’s lack of copyright and patent protection.
The slump in China’s exports led to the nation’s slowest economic growth in almost a decade last quarter. China-Japan trade dropped 23 percent in the first four months from a year earlier and Japan’s direct investment in China shrank by 15 percent, according to Chinese data.
Japan is China’s third-largest trading partner after the European Union and the U.S.
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