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OECD: Sixty Percent of Counterfeit Goods Were from China

Well-known Chinese news site Sina recently reported that, according to a research report published by the Organization for Economic Co-operation and Development (OECD), sixty percent of the world’s fake goods originated in China. The most counterfeited brand is Nike. The OECD research was based on detailed data from customs statistics around the world between 2010 and 2013. The global fake goods market reached US$461 billion in 2013, which is nearly the same size as the drug market. The market represents 2.5 percent of the global GDP. The United States suffered the biggest loss in terms of intellectual properties – U.S. products were copied in nearly all categories. Nike sports shoes were the most widely faked and sold. In some areas, such as Southern Europe, fake Nike shoes were often clearly labeled in stores as counterfeits. The OECD Report said, “China appears to be the largest [fake goods] producing economy" (63.2 percent), followed by Turkey (3.3 percent), Singapore (1.9 percent) and Thailand (1.6 percent). 
Source: Sina, April 19, 2016