Locals Make Grab for Confiscated Fakes Slated for Destruction in China
The level of counterfeiting in China is widely known—it’s enormous. In a recent episode in eastern China, authorities tried to destroy over 30 tonnes of substandard and fake products, but found they were overwhelmed by a grasping public, who came to collect their own haul before it could be destroyed.
This took place on March 11, when the municipal government in Xuzhou city, one of the largest cities in the prosperous Jiangsu Province on China’s coast, announced that it had accumulated 35.7 tonnes of counterfeit products worth over 285,000 yuan (about $45,487)—and would soon set about destroying them.
Related Posts
Thane: Counterfeit notes of over Rs 8 crore seized
THANE: As many as seven cases were registered last year of counterfeit currency...
Tobacco smuggling burns hole in the revenue’s tax take
An increase in smuggling and the ban on displaying tobacco products in shops has...
Rs 2.4-crore foreign cigarettes seized, two held for smuggling
MUMBAI: The Directorate Revenue of Intelligence (DRI) has busted a smuggling...
Tax agency launches probe into fake oil makers, distributors
South Korea's tax agency said Wednesday that it has launched an investigation...

