China backs talks on intellectual property waiver for Covid-19 vaccines | The Edge Markets

– A + A BEIJING (May 13): China’s Commerce Ministry spokesman Gao Feng said on Thursday that Beijing supports a proposal by the World Trade Organization for an intellectual property protection waiver on COVID-19 vaccines to enter the consultation stage. British and European Union officials have been sceptical about the usefulness of a U.S. proposal to waive patent protections for COVID-19 vaccines, while saying they are prepared to discuss it. Drugmakers and some other governments opposed the idea, saying it would not solve global inoculation shortages. “China supports the WTO’s proposal on IP exemptions for anti-epidemic materials such as the…