Not logged in? Join one of the bigest Law Forums on the Internet! Join Now!   Latest blog post: Research Law Professors Before Choosing Law Schools

Advertisments:




Sponsor Links:

Discount Legal Forms
Discounted Legal Texts


Is the black market more profitable than the regular market now?

Discuss anything to do with property law - buying, selling property

Is the black market more profitable than the regular market now?

Postby oakley » Sun Nov 20, 2011 10:12 am

Something was wrong with Zhao Shengli's order of 200 Nokia phones at a wholesale market in Shenzhen--the phones were missing one of the languages he needed, Thai. The good news, though, was that the phones were fakes, and in China, counterfeits come with enterprising customer service. "We have factories right here," the stall owner, Xie Qiuqing, assured Zhao. "Come back at four this afternoon and the phones will be ready. It's fast."

Regardless of the state of the global economy, one robust sector that adjusts as efficiently as any other in the world is the Chinese black market. Despite years of official rhetoric about cracking down on pirated products, the urge to make a quick buck through imitation remains so entrenched in China that it has matured into a celebrated culture of its own.

http://www.forbes.com/global/2009/0216/014.html

"Shanzhai mobile phones can play in the gray area of Chinese law and can flourish in China," says Zhu Shouquan, a leading intellectual property attorney and the managing partner of the Beijing law firm Changji. Patent actions are legion in China but rarely lead to a significant tangible result.
oakley
 
Posts: 12
Joined: Sat Apr 02, 2011 2:08 pm
Top

Is the black market more profitable than the regular market now?

Postby talbot » Sun Nov 20, 2011 10:17 am

Yes, the black market has always been more profitable..
talbot
 
Posts: 19
Joined: Sat Apr 02, 2011 4:53 am
Top

Is the black market more profitable than the regular market now?

Postby teyrnon72 » Sun Nov 20, 2011 10:24 am

And our patriotic business leaders want to outsource their engineering and R - and D to places like this.. Just because American Engineers are too costly and might limit the CEO's ability to buy his fifth mansion in Conneticut to a time frame of 6 months down the road vs 2 months down the road.
teyrnon72
 
Posts: 13
Joined: Fri Apr 01, 2011 3:52 am
Top

Is the black market more profitable than the regular market now?

Postby abraham90 » Sun Nov 20, 2011 10:28 am

Gangs in the US that sell drugs, prostitutes, etc. can make a pretty penny, but they also risk being killed by rival gang members or thrown in jail.
abraham90
 
Posts: 16
Joined: Sat Apr 02, 2011 1:53 pm
Top


Return to Property Law

 


  • Related topics
    Replies
    Views
    Last post