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Counterfeit electronics from China and related challenges.(Finance & Forecast)
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CircuiTree
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May 1, 2004
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Copyright informationCOPYRIGHT 2004 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Quality Brands Protection Committee (QBPC), a group of more than 80 multinationals doing business in China, offers a startling perspective, as of late 2003: "Counterfeiting has reached critical levels and the size and severity of counterfeiting in the PRC [People's Republic of China] has no historical parallels. Total annual losses from counterfeiting in the PRC are probably in the tens of billions of U.S. dollars per year and hundreds of billions of RMB."
[ILLUSTRATION OMITTED]
Where does electronics fit in this picture? A recently released study (Ref. 1) benchmarks the flow of counterfeit electronics from China at a street value of between $1 and $10 billion ...
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