Worldwide, China is known for it's fake this and fake thats when it comes to almost anything sold in the market. From Gucci purses in new York City's Chinatown to fake Nike, North Face, Gilette razors, DVD's and almost any other merchandise that you can think of is made by the Chinese and sold for cheap. Why? Because it's fake. According to ABC news "Chinese counterfeiting now costs foreign firms an estimated $20 billion a year in lost profits." which is staggeringly high.
What's even more interesting is that it has recently been found that China is going to a new extreme by counterfeiting ENTIRE COMPANIES such as Apple and IKEA stores. People who are employed aren't even aware themselves that they are working for a fraud. The stores look like the companies and sell what the original brands do; only fake versions.
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