Monthly Archives: July 2014

Understanding Patent Laws in China

The Patent Law of the People’s Republic of China was adopted in 1984. Since 2001, China has joined the World Trade Organization (WTO) and has become a member of the TRIPS agreement. By joining this organization, China recognizes patents that have been granted in other countries.

Intellectual Property Rights in China

Opening up a company in China is a very complex process. There are many steps and procedures to go through before a company can be up and running. However, one of the biggest hurdles to overcome is understanding China’s intellectual property rights (IPR).

Is it a Receipt or a Fapiao (发票)?

To most foreigners, a fapiao is similar to a receipt. It is a piece of paper that is used to keep track of sales and transactions. However, in China, a fapiao is not an ordinary receipt. It is unique to China because it is the way the government can monitor the tax paid on a transaction. Fapiao’s are invoices distributed by the Chinese Tax Bureau when any types of goods or services are purchased, however, only the seller can issue one. One may not realize but even when doing the simplest task such as riding the bus, a fapiao should always be requested.