Fake goods, fake economic growth, fake trade, fake cities, fake human rights, fake country. Real debt.
The global trade in counterfeit goods accounts for 2.5 percent of the world’s imports and is worth almost half a trillion euro, according to a report from the OECD and EUIPO. US, Italian and French brands suffer the most from the lucrative global trade in knockoffs. The report analyzed customs seizures around the world between 2011 and 2013, finding that China accounted for the most fake goods of any nation by some distance.
You will find more statistics at Statista
So everything's fake about China! Except this! Real Debt!
And that bubble is bursting.
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