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China attaches high importance to IPR: vice premier

BEIJING, March 31 (Xinhua) -- Chinese Vice Premier Wang Yang said on Monday that

China will continue to place great importance on intellectual property rights


Wang made the remarks while meeting with Wendell P. Weeks, chairman and chief

executive officer of Corning Incorporated, a large manufacturer of specialty glass

and ceramics.

In 2011, Corning Inc. accused China's Hebei Dongxu Investment Group Ltd. of

stealing secrets used in the production of glass for computers, smartphone and

television displays.

Corning filed suit July 18, 2011 against the company in the Beijing Second

Intermediate People's Court.

On November 15, 2013, Corning and Dongxu amicably resolved their dispute. Corning

licensed to Dongxu technology and Dongxu paid Corning fees to make Gen 6 and below

flat panel display glass on the Chinese mainland.

Wang said the concord between the two companies was a model for properly resolving

trade disputes between enterprises of two countries.

He said the Chinese government will try to create better conditions for fair

competition and developing an innovation-based economy.

Wang hoped that Corning Inc. would work with its Chinese partners to expand their

win-win cooperation.

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