Beating the counterfeits
Has China cracked down hard enough on counterfeiters? Jonathan Chen at James & Wells believes so – citing large-scale raids by the government, especially on certain markets and/or e-commerce platforms.
However, given the size of the population, and the “Chinese way of doing business”, it is difficult to stamp it out completely, he says.
“From our experiences in dealing with these matters, we’re seeing officials being more proactive, and a willingness to do things against counterfeiting.”
An example is the cleaning up of the well-known counterfeit markets. Although there are signs posted everywhere with anti-counterfeit information, the selling has not stopped, with hawkers taking you to underground carparks or apartment buildings next to the market, says Chen.
“I was actually denied entry into one of these ‘hidden’ places because I was Chinese. It stems from the fear of these people getting caught.”