China 2023: Taking New Opportunities and Managing Risks
China will maintain its economic policy course of modernizing the economy and strengthening the domestic market in 2023. Quantity in the form of GDP growth, volume, cost reduction and cheap labor will increasingly be replaced by quality – via higher value creation through innovation and services, compliance and financial sustainability. The market power of large companies will continue to be limited, and their orientation toward the common good will gain in importance. The Chinese market will become more rule-based and efficient, but also more open and fair. The central government's policy plan is to create more business opportunities for foreign companies and to strengthen international investment.
At the same time, decoupling from the West continues, with China separating the wheat from the chaff. Upgrading policies are also forcing foreign companies to be quality, innovative and compliant. To strengthen and maintain their competitive advantage, companies need to operate in a rules-based manner and defend their edge in knowledge and technology. To this end, stronger protection of intellectual property, know-how and data is essential, especially in the strategic technology fields relevant to China's rise. Foreign companies that are no longer functional for the development of Chinese society and for the common good run the risk of being forced out of the market and must be repositioned.
Challenges in the field of intellectual property, cybersecurity and data protection have many facets and call for a holistic approach, which is why the legal assistance of trademark and patent attorneys or IT specialists needs strong supplements. Companies wishing to protect intellectual property, know-how and data effectively and in the long term need a network of specialists from different disciplines.
CHINABRAND CONSULTING utilizes multidisciplinary teams of internal and external experts:
- Investigators, specialized in the field of intellectual property, elaborate the background of a case and provide evidence material.
- Trademark and patent attorneys with various industry specializations provide support in the analysis and enforcement of intellectual property rights in China and Asia.
- In the field of cyber security and data protection, IT specialists use state-of-the-art software to investigate data theft and secure the evidence.
CHINABRAND Pulls the Strings – And is Your Point of Contact
CHINABRAND project managers develop strategies, design measures and coordinate their implementation. They constantly control processes, monitor costs and report results. In this way, CHINABRAND saves its clients the costly, time-consuming and often laborious coordination across technical, linguistic and cultural boundaries.
We Work Across the Globe
Intellectual property, know-how and data no longer know any national borders. If you want to protect these assets, you have to look beyond national markets and act globally. International business processes are standard today, and the strategies and projects to protect them are correspondingly demanding.
The new generation of brand and product pirates now operates worldwide. Their strategies are complex, and their structures are usually internationally intertwined. Chinese digital platforms play a major role in global counterfeiting.
With the new laws and regulations on cyber security and data protection, data traffic to, from and within China is becoming more difficult. Legal restrictions related to data are also increasing in other Asian countries, especially in the area of innovative technologies. Secure international IT solutions are now in demand.
CHINABRAND CONSULTING cooperates with competent experts in the fields of intellectual property, cyber security and data protection in many Asian countries. They maintain personal relationships with many local authorities. In Germany we ensure the optimal management for each project – in German, English or Chinese.