Yiwu: The Counterfeit Capital of China

👥Yiwu's market responds swiftly to popular trends, producing counterfeit goods within days.

💼Yiwu's counterfeit industry has led to rapid prosperity for its residents through low-cost replicas and dumping of products at extremely low prices.

🌍Yiwu's counterfeit goods pose a threat to international markets, with China accounting for the majority of counterfeit goods entering the U.S.

💰Yiwu's success is built on its low-cost counterfeit goods, attracting customers from around the world.

👝Despite the prevalence of counterfeits, Yiwu also offers a range of original branded products.

What is Yiwu known for?

—Yiwu is known as the 'Capital of Small Commodities' and is home to the world's largest small commodities wholesale market.

How fast can Yiwu's market respond to trends?

—Yiwu's market can source an identical item within 5 minutes of a product becoming a trend, and create a mold within a day to produce a sample in about two days.

Are all goods in Yiwu counterfeit?

—No, Yiwu also offers a range of original branded products, although their quality may vary.

What is the impact of Yiwu's counterfeit industry?

—Yiwu's counterfeit industry poses a threat to intellectual property rights, deceives consumers, and affects genuine manufacturers' economic interests.

Why is Yiwu's counterfeit industry so prevalent?

—The leniency of Chinese laws and the tacit approval of the Chinese Communist Party have led to the proliferation of the counterfeit industry.

00:00Yiwu is known as the 'Capital of Small Commodities' and is notorious for its production of counterfeit and pirated goods.

01:00Yiwu's market can source an identical item within 5 minutes of a product becoming a trend and create a mold within a day to produce a sample in about two days.

05:12Yiwu's success is built on its low-cost counterfeit goods, attracting customers from around the world.

08:31Yiwu's per capita disposable income of urban residents exceeded 86,000 yuan ($12,000), ranking first nationwide.

15:39Yiwu's goods are known for being sold by weight, but this practice involves deceptive tactics, and many products are leftover stock with questionable quality.

16:03Yiwu's International Trade City has been listed on the Notorious Markets List by the U.S. Trade Representative Office (USTR) due to the prevalence of counterfeit goods.

16:33Counterfeiting and piracy in China harm the intellectual property and economic interests of genuine product manufacturers and deceive consumers.

17:04Yiwu's counterfeit industry is facilitated by the leniency of Chinese laws and the participation of some officials.