Trade secret as a factor in ensuring national economic security: Chinese practice (part 1)

Abstract

The paper examines the growing importance of intangible assets, trade secrets, its global economic and innovative impact and increasing threats of abduction. The concept of national economic security, definition of the system of economic security is given. The economic significance of the institute of trade secrets, sources of legal regulation, the role of the revised Law on Unfair Competition of the People’s Republic of China, features of protection of computer software and technology as trade secrets, licensing, calculation of financial compensation are considered. Judicial interpretation for handling civil suits for theft of trade secrets, guidance for companies on taking appropriate measures to maintain secrecy are provided. An analysis of the conduct of cases on trade secrets in China, the conduct of judicial practice, is given.