Could China’s economic woes lead to a counterfeiting time bomb?
As has been widely reported in recent months, the wheels appear to have fallen off of China’s economic juggernaut (or at least to have picked up a few punctures). As might be expected, the slowdown is leading to a tightening of consumer purse strings, particularly when it comes products and services sold in higher price brackets – including, notably, luxury goods. For brands, the concern will be that buyers now turn to fake alternatives.
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