COUNTERFEIT AUTO PARTS ABOUND IN CHINA, BUT THE INCREASING SOPHISTICATION OF LOCAL MANUFACTURERS COULD OFFER HOPE
December 1st, 2007
BY MARK GODFREY, in Beijing
THE PRODUCTION of fake car parts is experiencing a "period of significant growth" in China, according to an umbrella group of foreign auto makers in China. In a report, 88% of members of the Automotive Working Group of the Quality Brands Protection Committee (QBPC), a coalition of multinational companies battling intellectual property infringement in China, have estimated losses to counterfeiting or piracy of auto parts, amounting to 15% of their overall sales.
And the situation is getting worse. A survey of QBPC members ...
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