The third hot wave of IP occurred in 1995 when China became the signatory countries to the TRIPS agreement―“the improvement wave”. The third wave reflected a very different picture of IP in China. In the first two waves, China was mainly influenced by the US under its one-sided threats and the treaties and conventions of WIPO. Nevertheless, in the third wave, one-sided threats have been confined under the WTO agreement. TRIPS became the most important measurement on international trade and IP.