China Machinery Industry Federation issued the Development Plan for Machinery Industry During the 12th Five-Year Plan Period (2011-2015) recently, aiming to enhance the innovation capability of machinery industry, acquire the core technology of the leading product and improve quality and quantity of patent by 2015.

The Plan indicates that, by 2020, China will acquire the core technology of the leading product, develop a group of machinery product with independent IPR and well-known brand and accelerate fostering the world leading companies with self-reliant IPRs.

(China IP News)