Podcast
Questions and Answers
What percentage of counterfeit medicines in Nigeria is reportedly sourced from India and China?
What percentage of counterfeit medicines in Nigeria is reportedly sourced from India and China?
What was one major consequence of using counterfeit Amillarisin A in China?
What was one major consequence of using counterfeit Amillarisin A in China?
What did the Chinese government do in 2016 to combat counterfeiting?
What did the Chinese government do in 2016 to combat counterfeiting?
What were the consequences faced by the former directors of the State Food and Drug Administration in China?
What were the consequences faced by the former directors of the State Food and Drug Administration in China?
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Why is trademark piracy seen as a persistent issue in China?
Why is trademark piracy seen as a persistent issue in China?
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What percentage of consumer products in the Chinese market are estimated to be counterfeit?
What percentage of consumer products in the Chinese market are estimated to be counterfeit?
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Which of the following items is commonly counterfeited in Yiwu?
Which of the following items is commonly counterfeited in Yiwu?
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What type of counterfeit product made up 57% of seized items reported by European customs officials?
What type of counterfeit product made up 57% of seized items reported by European customs officials?
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What main health concern is associated with counterfeit medicines in developing countries?
What main health concern is associated with counterfeit medicines in developing countries?
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In 2014, what was the value of counterfeit goods from China and India seized in the United States?
In 2014, what was the value of counterfeit goods from China and India seized in the United States?
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How does the counterfeit market contribute to global public health issues?
How does the counterfeit market contribute to global public health issues?
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Which country was reported to have over 3,000 attempts to import fake drugs in 2018, mostly originating from India and China?
Which country was reported to have over 3,000 attempts to import fake drugs in 2018, mostly originating from India and China?
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What term is often associated with Yiwu in relation to counterfeit goods?
What term is often associated with Yiwu in relation to counterfeit goods?
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Study Notes
Yiwu and Counterfeiting in China
- Yiwu, China, is a major hub for counterfeit goods, with an estimated 200,000 distributors daily purchasing thousands of tons of illicit products from the black market.
- A significant portion (approximately 20%) of consumer products sold in China are counterfeit. Counterfeiting extends to numerous products, including luxury goods (Rolex watches, Gucci handbags), electronics (Duracell batteries, Gillette razors), toiletries (Safeguard soap, Head & Shoulders shampoo), cosmetics, and even automobiles.
- The UN Office on Crimes estimates China produces $8.2 billion worth of counterfeit goods annually.
- In 2014, arrests in the US of Chinese/Indian counterfeit goods reached $230 million, representing nearly 75% of all counterfeits seized.
- Counterfeiting is significant in Europe, with customs officials reporting nearly 50,000 seizures in 2015, a tenfold jump from the previous decade. Two-thirds of Europe's counterfeits originate from China/India.
- The goods seized include clothing and accessories (57%), jewelry/watches (10%), and electronics (7%).
- Counterfeiting goes beyond harmless imitations. Fake medical products are dangerous and include pharmaceuticals (antibiotics, birth control pills) made with unsafe substances (talcum powder, rice flour.
- Counterfeit medicines account for 10% of the global supply, and 30% of the developing world's medicine supply.
- In 2018, nearly 3,000 attempts to import fake drugs were reported to European customs, largely from China and India.
- Many counterfeit medicines in Africa and Asia are likely to be fake.
- A 2016 incident in Guangdong province saw at least 19 deaths from counterfeited Amillarisin A, a lung disease medication.
- China executed two former Food & Drug Administration directors in 2017 for approving fake drugs.
- China's efforts to combat counterfeiting include seizures of over 220millionworthofgoodsin2016andnearly220 million worth of goods in 2016 and nearly 220millionworthofgoodsin2016andnearly500 million in 2017 by the General Administration of Quality, Supervision and Inspection. These measures still do not fully address the issue; counterfeiting remains widespread.
- China's 2010 WTO accession was expected to address intellectual property violations but has not significantly reduced counterfeiting.
- The temptation to violate intellectual property rights remains strong in China, due possibly to economic and cultural factors.
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Description
This quiz explores the extensive issue of counterfeiting in Yiwu, China's major hub for counterfeit goods. Learn about the scale of counterfeit products, data from international organizations, and the impact of this trade on global markets. Test your knowledge on the types of products commonly counterfeited and their economic implications.
