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.

 

 

http://www.qconline.com/news/world/china-s-counterfeiters-aided-by-western-firms-weak-response/article_8281c73e-a613-11e5-bf00-cf03df39f6df.html