China claims more patents than any nation but most are worthless

There is lax approval process for less inventive categories while some firms use process to get benefits for staff. FOR nearly a decade, China has taken great pride in filing the largest number of domestic patents. It’s proving less keen on keeping them. Despite huge numbers of filings, most patents are discarded by their fifth year as licensees balk at paying escalating fees. … http://bit.ly/2P5p1Iz

China gives high priority to property tax that may rein in market, Real Estate

CHINA’S legislature said it is giving high priority to a property tax that would be one of the biggest moves yet to rein in a runaway market. The Standing Committee of the National People’s Congress listed the tax as one of 69 levies to have top priority in a five-year agenda, the Communist Party’s mouthpiece People’s Daily reported on Saturday. Enacting the real estate tax … http://bit.ly/2N5lkWg

Singapore’s China-backed exchange to start trading on May 25

Apex will offer palm olein futures that will be US dollar-denominated and physically delivered. CHINESE-backed Asia Pacific Exchange Pte (Apex) said it will start trading in Singapore on May 25, the latest foray into overseas trading venues by mainland investors. Apex will offer palm olein futures that will be US dollar-denominated and physically delivered, it said in … http://bit.ly/2LvuQh6

Patents pending

Coolpad sues Xiaomi ahead of its jumbo IPO. The expression lanluhu, means literally ‘the tiger that stands in the way’, and is often associated with robbery. That connotation was likely inspired by Moon Prayer Pavilion, one of the major dramas of the early Ming Dynasty, in which a group of bandits are called by this name. But over the years lanluhu has become synonymous … http://bit.ly/2xblioj

China aims for Shanghai- London trading link this year: PBOC chief

The move is part of a broader package of policies that will further open up the nation’s financial sector. CHINA is aiming to start a stock trading tie-up between Shanghai and London this year, according to a top official, creating a system that would give investors in the world’s most populous country direct access to shares listed in the UK. The timing was announced by … http://bit.ly/2J5AVPh