China is the largest player in Counterfeiting – 1.5% of GDP depends on it
Nick Redfearn, 22, Global head of enforcement at ROUSE, worked in IPR throughout the 1990s, does counterfeiting related work throughout China and SE Asia, “Cross-border trade in counterfeit goods“, ROUSE, 2-14-2022, https://rouse.com/insights/news/2021/cross-border-trade-in-counterfeit-goods. Accessed 7-24-2024 by NT-NDH.
China’s role in counterfeit trade cannot be overstated. Counterfeit goods from China are estimated to make up approximately 12.5 % of China’s total exports and over 1.5 % of its GDP. Several comparative analyses rank the country as the primary source of global counterfeit goods (around 75% of all counterfeits worldwide). Data now puts the value of the trade of counterfeit goods from China into SE Asia as approximately USD35 billion. The volume poses significant harm to developing economies within SE Asia where local businesses and investors suffer heavy losses from these activities.