Trademark work plan

The State Administration for Industry and Commerce (SAIC) issued its Work Plan for Trademarks (2008-2012), which include guiding thoughts, basic principles, goals and measures for trademark work during the period.

Trademarks play an important role in modern economic and social development. Since the reform and opening-up of China, the country's work on trademark protections and laws has developed rapidly.

The country has established a trademark law system with Chinese characteristics in line with international rules. China has since become the world's leading country in trademark applications.

Taobao clear fake

Taobao.com will spend 100 million yuan its fight against counterfeit products to make e-commerce safer, according to a report by National Business Daily.

The capital will be allocated in two purposes. One is to make compensations to customers. The other is to build a professional counterfeiting team, made up of 100 people.

As of now, Taobao.com has cleared nearly 2 million fake brand products and closed almost 10 thousand online stores involved in selling fake products.

The e-commerce platform Taobao.com appealed to its 145 million users to participate in the effort.

Informed sources said it is paving the way for its planned initial public offering in early 2010.

(Source: China Daily)