
China’s counterfeiters aided by Western firms’ weak response
WENZHOU, China (AP) — An Associated Press investigation published last week uncovered systemic fraud in China’s anti-counterfeiting industry. Major multinational companies, blind to problems on the ground, unwittingly paid investigators who themselves manufactured or sold counterfeit goods. In other cases, investigators colluded with the very counterfeiters they were supposed to expose.Fraud in the anti-counterfeiting industry goes well beyond luxury fashion goods, and has impacted products that can be dangerous — including auto parts, pharmaceuticals and critical electrical components,
Many firms treat counterfeiting as a minor cost of doing business in China. Few spend the money required to tackle the powerful, hidden networks that drive China’s multibillion-dollar counterfeiting juggernaut.
Related Posts
Mahajan asks Excise & Tax dept to fight against tobacco menace
Punjab's Principal Health Secretary, Vini Mahajan today asked Excise and Taxation...
Alibaba takes tougher stance against online sale of counterfeit goods
Chinese online retail group's stricter standards on piracy and fake goods may...
AP Exclusive: Chinese banks a haven for web counterfeits
Kim Sbarcea knew exactly what she wanted. She typed "Tiffany Elsa Peretti mesh...
Officials seize 292 domain names to protect consumers during holiday season
The holiday season is rife with online rip-offs. In a move to protect consumers,...