@BillAckman According to OECD data on counterfeiting and international trade, the total value of counterfeit and pirated goods was about $1 Trillion in 2013, and is expected to grow to close to $3 Trillion in 2022.
@BillAckman Factories that manufacture counterfeit designer brand garments and watches are usually located in developing countries, with between 85 and 95% of all counterfeit goods coming from China. International tourists visiting Beijing, China, may find a wide selection of counterfeit
@BillAckman Over 80% of all cases charged as economic espionage (i.e., cases involving the theft of trade secrets by or on behalf of the Chinese government or its instrumentalities or agents) involve China, and 60% of all trade secret cases involve China.
@BillAckman Haven't you been to China? A simple trip to one of there grocery stores tells you everything you need to know about China. All of the products with American brand names, and they have all the big names, are fake.
@BillAckman@NeriOxman@SFMOMA Everything in China is IP theft. They have copied the work of the world's finest architects including Frank Gehry. They have an exact replicas of Las Vegas's famous hotels.