China announced on Tuesday stiffer punishments for serious infringers of intellectual property (IP) — including barring them from buying real estate or going on expensive holidays — as Washington clamours for action on the issue following a trade war truce. The National Development and Reform Commission, China’s state planner, along with 37 government departments, released a joint policy to deal with serial IP infringers, who will face a raft of tough punishments and restrictions if blacklisted. The crackdown comes days after US President Donald Trump and Chinese leader Xi Jinping agreed at a summit in Argentina to hold off on new tariffs while negotiators seek a deal. Trump has imposed levies on billions of dollars worth of Chinese imports, in part as punishment over alleged IP theft, which the US says costs its companies as much as $600bn a year. China has denied this. Trade war truce Following the trade war truce, the White House said the two sides had agreed to negotiate “struct...

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