We need a cultural revolution to combat Chinese counterfeiting.
Several years ago an executive from the HVAC industry told me of a sales engineer sent out to diagnose a sick chiller, only to discover it was a poorly disguised imitation of his company’s model. Many PHCP wholesalers have found phony plumbing and PVF brands on the shelves of U.S. stores or inadvertently passing through their warehouses. Piracy is an integral part of China’s phenomenal economic development. Some estimates hold that as much of a third of China’s GDP comes from piracy and counterfeiting.