Close to 40% online products in China counterfeit: report

The Internet has become a critical element of China’s economic progress in the past five years.
In a big set back to China’s e-commerce giants like Alibaba, an official report submitted to the Chinese lawmakers said only 58.7 per cent of items in online trades were genuine or of good quality last year with the remaining 40 per cent shoddy or counterfeit.
According to the report on implementation of the Law on the Protection of the Rights and Interests of Consumers, Commerce authorit