China Seizes Over 10,000 Pairs of Fake Shoes
Charissa Echavez | | Jan 19, 2016 05:24 AM EST |
(Photo : YouTube Screenshot) Xiamen Customs have seized 14,000 pairs of counterfeited shoes worth USD 150,000; the fake products bear the logos of Nike, Adidas and Puma.
Customs officers in Xiamen, China, have seized over 14,000 pairs of counterfeited shoes that bear the logos of Nike, Adidas and Puma worth a street value of $15,000.
According to the officers, the pairs of shoes were confiscated after a local trading enterprise failed to show its legal papers and certificates. The trademarks of Adidas, Nike and Puma were used on 8728, 5400 and 696 pairs of shoes, respectively.
Like Us on Facebook
The office of Xiamen Customs has already communicated with the three respective companies and they confirmed the infringement on Monday. The companies have reportedly applied for the government agency's protection of their intellectual property rights. All the fake products have been placed under the custody of the Customs department for investigation.
With China becoming the world's workshop, most Chinese exports (70 percent) is made of manufactured commodities. According to US Customs, from 2008 to 2010, 87 percent of the fake commodities seized came from China.
Last year, a team under the National Standing People's Committee released a report stating that in 2014, over 40 percent of the online goods sold in China were fake or of bad quality. Furthermore, customer complaints inceased by 356.6 percent (over 77,000) from 2013 to 2014. The Chinese government has vowed to tighten its security with regard to online trading as there are no existing laws on how buyers can avail compensations or how to put online vendors accountable.
According to Charles Scholz, Asia director of Kroll Associates, a security consulting firm, Chinese counterfeiting has already cost international businesses approximately $20 billion annually in terms of lost profits. "In the case of one consumer goods manufacturer, as much as 70 percent of the goods on the market are counterfeits," he said. He further claimed that attempting to put an end to this practice may require some fundamental changes both in the society and economy.
Tagscounterfeit goods, Nike, Puma
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?