Thursday, June 24, 2004

China Makes a Push for Chemical Patents: Huayi Group Company, one of China's chemical giants, set up a technology research institute over the weekend as part of its technical creation system aiming to compete with overseas counterparts showing strong presence in China.

The institute, which merges all of the company's technical strengths, is aimed at creating more patent technologies, said Huayi Chairman Zhang Peizhang.

"We need our own high-tech patents to compete with overseas counterparts which have got a firm foothold on the Chinese market," Zhang said.

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