The goal here is very much to beat the US at its own game [2]. The US and Western Europe have trapped the whole world in an extremely harsh intellectual property regime and China, rather than fighting this regime, intends to dominate it.
It's very sad because what's being ultimately being legitimized is just Feudalism 3.0. It's also very corrosive to China's real strength, it's entrepreneurial spirit, which, until very recently, gave fuck all about patents. Now many Asian VCs won't even talk to you unless you have some valuable IP. Many people view this rapid "IP enclosure" in China, where IP is becoming everything and often the only thing, to be a very bad thing.
[1] http://www.wipo.int/pressroom/en/articles/2018/article_0002....
[2] https://www.telegraph.co.uk/news/world/china-watch/business/...