EU al­leges coun­ter­feit­ing

The Star Early Edition - - BUSINESS REPORT | INTERNATIONAL -

THE LAT­EST re­port by an EU agency al­leged that China as a ma­jor pro­ducer of fake goods was ir­re­spon­si­ble, the Min­istry of Com­merce (MOC) said yes­ter­day. In 2015, the Chi­nese main­land and Hong Kong “were the prove­nance of 86 per­cent of global coun­ter­feit­ing and $396.5 bil­lion (R5.15 tril­lion) worth of counterfeit goods,” Europe’s po­lice agency and the EU In­tel­li­gence Prop­erty Of­fice said in a de­tailed 74-page re­port. The au­then­tic­ity and ob­jec­tiv­ity of the data used in the re­port have to be fur­ther ex­am­ined, said Sun Ji­wen, spokesper­son with MOC. In­fringe­ment and coun­ter­feit­ing are global chal­lenges. – Xinhua

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