How have Chinese counterfeit goods aggravated the online
counterfeiting problem?
It was not long ago that the International AntiCounterfeiting Coalition (IACC) found that close to 80% of
counterfeits seized by U.
S.
customs authorities originated in...
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How have Chinese counterfeit goods aggravated the online
counterfeiting problem?
It was not long ago that the International AntiCounterfeiting Coalition (IACC) found that close to 80% of
counterfeits seized by U.
S.
customs authorities originated in China.
This was in 2007, and the scenario has not
changed much since then.
Close to 80% of counterfeits sold worldwide are produced in China.
As China continues
to steal brand values from legitimate manufacturers, counterfeiting has doubled in size and growth, causing it to
be coined the crime of the new decade.
Counterfeit products ranging from breakfast cereals to medicine have
caused injuries and sometimes even death for some unsuspecting customers.
U.
S.
Commerce Department estimates indicate that close to 20% of consumer products in the Chinese market are
fakes.
Such counterfeits can easily corrode the real brand’s image and reputation.
Seen as a disease that seriously
derails global business, counterfeiting ensures loss of br
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