Is pirating illegal in China?

Is pirating illegal in China?

Defining piracy in regard to China is the a major challenge because, according to Manjiao Chi ( 池漫郊), a professor of international law at Ximen University’s School of Law, “China does not have specialized domestic laws against piracy” and “neither expressly criminalizes piracy, nor provides a clear definition of piracy …

How big of a problem are counterfeit products produced in China?

China is responsible for more than 70\% of counterfeiting according to the World Customs Organization.

Why are counterfeits bad?

It’s Dangerous: Counterfeit goods are often made using cheap, substandard, and dangerous components that put consumers’ public health and safety at risk. It Supports Child Labor: Counterfeiters do not pay their employees fair wages or benefits, have poor working conditions, and often use forced or child labor.

What percentage of counterfeit goods come from China?

China alone is estimated to be the source for more than 70\% of global physical trade-related counterfeiting, amounting to more than 285 billion USD. Physical counterfeiting accounts for the equivalent of 12.5\% of China’s exports of goods and over 1.5\% of its GDP.

Is piracy common in China?

According to the latest Compliance Intelligence data, China topped our list of Top 20 license misuse and piracy hotspots. The latest research from BSA reports that commercial value of unlicensed software in China is $6.8 billion (14.77\% of total worldwide commercial value).

Who were the first pirates?

The earliest documented instances of piracy are the exploits of the Sea Peoples who threatened the ships sailing in the Aegean and Mediterranean waters in the 14th century BC. In classical antiquity, the Phoenicians, Illyrians and Tyrrhenians were known as pirates.

Is selling counterfeit in China illegal?

China has passed the country’s first-ever e-commerce law that would hold online retailers accountable for the sale of fake goods and liable for a fine of up to RMB 2 million (US$291,000). The law is the latest effort by the country to clean up the country’s image as a main source of knock-off goods.

What kind of damage is done to a company when someone counterfeits their products?

There is also a business threat of counterfeit products, as it results in a loss of revenue for the brand that is being copied. Simply put, when counterfeiters sell a product that looks the same as the original but at a lower price, the authentic brand will lose sales.

What are the biggest impacts of counterfeits on brands?

Counterfeit products negatively affect the process of innovation, reduce the sales share of legitimate businesses and damage the brand reputation.

Does China sell fake products?

Sales of counterfeit and pirated goods totals $1.7 trillion per year, which is more than drugs and human trafficking. It is expected to grow to $2.8 trillion and cost 5.4 million jobs by 2022. According to The Counterfeit Report, “China produces 80\% of the world’s counterfeits and we’re supporting China.

Is piracy a problem in China?

Even today, despite the presence of strict laws against copyright and other forms of IP theft, pirated and counterfeit goods are sold openly, often in “notorious markets”. In fact, China tops the list with no less than 7 named physical markets plus 3 online markets.