the prevalence of fake goods in China has grown from a $30 billion US Dollars trade issue in the 1980s to almost a $600 billion market in 2021, accounting for 2.1% of global trade volume. It’s reported that as much as 80% of counterfeit goods worldwide originate from China. What about the quantity of counterfeit goods in China by 2024? Detailed statistics are not available yet, but it’s certain that China’s counterfeit goods have nearly reached a level where they could incite conflict.
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From Faking 1M UK Stamps Weekly to Dumping Shoddy EVs and Goods, How Low Is the CCP?
