China’s market may be thriving with the illegal sale of
copyright infringement works, however, that is not to say that it doesn’t
affect other countries as well. Many companies such as Nestle, Apple, Samsung,
and Jaguar are more than interested in entering the Chinese market. However,
they cannot do so due to all these counterfeit products that are floating
around in the market. It wouldn’t be profitable for the companies despite knowing
that if their products were not counterfeited and sold, then they would thrive
in China. China’s market is growing and the Chinese economy is expanding to
become larger than that of the USA, which has been the biggest economy in the
world. As it is now, it is very possible that China will surpass the USA, or
perhaps it already has.
It is needless to say that many companies are losing
potential income due to the breaking of copyright and trademark laws in China.
If they were to enter the Chinese economy, they would have high profits,
however, not like this. Not only that, but the companies often times lose court
cases against those that counterfeit their products, such as the case with the
car manufacturer Fiat who sued a Chinese company for copying the design of one
of their vehicles. However, in the end they had to pull back the court case
because if they didn’t, then the image of their company would worsen among the
Chinese population, resulting in low sales.
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| The USA trade with China |
The USA, as well as other countries, are losing billions of
dollars in revenue as well as thousands of jobs. According to an article on
CNN, the United States Trade Representative claims tat “Chinese theft of
American IP currently costs between 225 billion and 600 billion dollars
annually" (source article). The USA is one of the countries that are affected on a larger scale,
and while there are also other countries that suffer from this loss, it impacts
the USA much more. In order to prevent this loss of revenue, the Trump
administration and Donald Trump had slapped tariffs on 50 billion dollars worth
of Chinese goods.
Hollywood is one of the biggest entertainment industries in
the world, and because of their reputation and popularity globally, it isn’t
surprising that they are illegally infringed upon many countries around the
world. In China, the number of foreign films are the most popular films that
are on the market, among the other Chinese movies and films. Western films are
the most copyright infringed works
China’s market of fake and infringed goods is profiting the
country on a large scale; however, it does result in lost revenue for many
other countries around the world. It mainly affects the USA and it’s Hollywood
sector of media business, most of Hollywood films being victims of Copyright
infringement, if not all the films.
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