China's Trade Surplus May Be an Illusion

The export of fake goods out of China is commonplace whether you are talking about designer bags, blockbuster movie DVDs, or "Mont Blanc" pens. Many European and U.S. holidaymakers take these knock-offs home with them -- some of them knowing they're counterfeit; others are unaware. Underground Chinese firms spirit such goods out of the mainland on a much larger scale.

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