VDMA7.3 billion euros in losses due to product piracy
Product piracy and know-how theft continue to cause considerable damage to German machine and plant manufacturers. China remains the biggest counterfeiter by a wide margin. The VDMA presented the latest figures on this at the Hannover Messe 2018.
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... also the most frequently cited sales market for counterfeits at 44%. The Chinese are followed at a considerable distance by domestic competitors. However, the theft of ideas ...