BEIJING - That a company in Shenzhen was ordered to pay a total of 6 million yuan in compensation to MGM Holdings for infringement of the latter's trademark and unfair competition last week indicates that China means what it says about the protection of intellectual property rights.
There have been similar cases recently in which Chinese enterprises were ordered to pay the maximum amount of compensation to foreign companies whose trademarks they were ruled to have infringed upon. But it is indeed necessary today for the law to create a business environment in which both foreign and domestic companies can compete in a fair manner.
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