On May 29, 9:18 am, m II wrote:
Now, I wonder where THESE came from.
Statement of Professor Daniel C.K. Chow
COUNTERFEITING IN CHINA
I. Introduction
In terms of size, scope, and magnitude, counterfeiting in China is
considered by many to the most serious counterfeiting problem in world
history. (As used here, counterfeiting refers to the unauthorized use
of trademarks owned by another on identical or similar goods.) A
recent study by the PRC State Council Research and Development Center
reported that in 2001 the PRC economy was flooded with between $19-$24
billion worth of counterfeit goods. Brand owners in China estimate
that 15 to 20% of all well-known brands in China are counterfeit and
estimate their losses to be in the tens of billions of dollars.
Counterfeiting is estimated to now account for approximately 8% of
China’s gross domestic product.
China is also a leading exporter of counterfeit products to other
countries in Asia, Europe, and the United States. In 2003, China
accounted for 66% or over $62 million of the $94 million of all
counterfeit and infringing goods seized by the US Customs Service at
ports of entry into the United States. Mid-year figures in 2004
indicate that seizures are sharply higher with $64 million seized in
the first half of 2004 alone. An ominous development is that beginning
in 2004, exports of counterfeits from China to the United States and
other parts of the world may begin to increase significantly for the
foreseeable future.
statement continued at
http://www.cecc.gov/pages/roundtables/051605/Chow.php