The Chinese government is apparently aghast that Europol could accuse China of being the world’s main supplier of counterfeit products. Fake goods? China? We’ve never heard of such a thing!
But according to the European Union’s law enforcement agency, 86% of counterfeit goods plaguing global markets come from China and Hong Kong, amounting to $396.5 billion in fake products. Europol estimates that 12.5% of China’s total exports are fake, amounting to 1.5% of its GDP.
Many of these products make their way to foreign markets via Hong Kong, but an increasing proportion is also now coming to the EU by train with China opening up more and more freight lines to European cities as part of its “One Belt, One Road” initiative.
China’s Commerce Ministry spokesman Sun Jiwan has said that the report’s accusations are “irresponsible,” calling for the “authenticity and objectivity” of the statistics to be further studied. Meanwhile, China’s official Xinhua news agency has published a report declaring simply that there “is no method for calculating figures on fake products worldwide.”
Therefore, one Chinese trade expert sees a more sinister explanation behind the Europol report: “We cannot rule out the possibility that they are smearing China’s image on the basis for trade protectionism.” Meanwhile, the Global Times quotes another Chinese researcher: “The EU still has prejudice against Chinese products.”
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