Confucius once said, “At 15, I aspired to learning. At 30, I established my stand. At 40, I had no delusions. At 50, I knew my destiny. At 60, I knew truth in all I heard. At 70, I could follow the wishes of my heart without doing wrong.” Although its patent, trademark and copyright regimes have been around for just a generation, China has begun to appreciate the tremendous potential that IP assets possess as a driver of national growth.