(Xinhua News Agency) While attending the fourth Sino-U.S. Strategic Economic Dialogue in the United States, Chinese Vice Premier Wang Qishan attends the welcoming dinner held by the Financial Service Forum, the American Bankers Association and Asia Society in New York. At the dinner, Mr. Wang delivers a speech to the industrial, commercial and financial circles of the United States focusing on topics such as IPR protection in China. He points out that China has made great progresses in IPR protection in recent years.

Mr. Wang points out that in recent years, China constantly improves its laws and regulations related to IPR protection and enhances its law-enforcement efforts. Not long ago, China promulgated the Compendium of China National IP Strategy, which is of great significance to the program of constructing an innovative country and the work of further strengthening IPR protection.

Mr. Wang indicates that we should admit that there are currently some problems in China’s IPR protection as it is not a long time since China starts IPR protection program, and we can understand to a certain extent the practice of the United States of imposing restrictions on high technologies export to China on the reason of IPR protection. But both the United States and China may lose good opportunities of development if we do not launch high technology trade until China completely resolves its IP problems instead of cracking down on IPR infringement activities according to law during the process of launching high technology trade. The practice will also harm the efforts of narrowing down the trade surplus on Chinese side and enhancing bilateral economic and trade cooperation.

Rob Henrikson, Chairman, President, and CEO of MetLife, Inc. and Chairman of the Financial Service Forum, Edward L. Yingling, President and CEO of the American Bankers Association, Richard Holbrooke, Chairman of Asia Society and Henry Kissinger, former Secretary of State of the United States attend the dinner. Mr. Wang also elaborates his views on issues such as Sino-U.S. relations and opening up of China’s financial market.