China will increase the fine for piracy to 1 million yuan ($158,000), Yan Xiaohong, deputy director of General Administration of Press and Publication, said on a seminar on intellectual property law and adjudication between the US and China on Tuesday, Beijing News reported.
The National Copyright Administration drafted a revised version of the copyright law in March and solicited opinions. In the draft, the penalty for piracy has been raised to up to 1 million yuan from the current up to 500,000 yuan, the report said.
According to Yan, the copyright administration has received more than 1,560 responses to its solicitation of opinions, including the US Patent and Trademark Office, US Copyright Office, Motion Picture Association of America and International Federation of the Phonographic Industry, the report said.
(Source: China Daily)2013-07-17