IP rights violations will be recorded in people's social credit system, according to a plan unveiled by the provincial government on Saturday. The plan also encourages innovation by small companies and universities through offering awards and subsidies. Each year the government will support 200 projects initiated with patented technologies in emerging industries. Patent-based projects are targeted to generate revenue of 50 billion yuan ($7.9 billion) by 2017, the plan states.

(Source: China Daily)