Besides, promoting innovation through IPR protection requires not only domestic efforts but also international cooperation. China's drive to strengthen its IPR regime is closely linked to its efforts to integrate the Chinese economy with the global economy.
Through IPR protection, it gives a competitive edge in foreign markets.IPRs are viewed as catalysts for technological, social, and economic advancement because they foster innovation, protect intellectual property, and make it easier to create new technologies.
IPR helped the health-Tech industry during COVID-19 by protecting innovative technologies, facilitating collaboration, and ensuring public access to safe and effective products.

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Intellectual property powers biotech innovation by protecting discoveries and drivin...Intellectual property law governs the protection of intangible creations such as technology, brands, creative works, and confidential know-how.

Increasing intellectual property rights (IPR) poses a risk to both consumers and economic growth.IPR protection will be sufficient to compensate investment through cyclical market leader profits.