hina to punish makers, sellers of fake products ‘until bankrup

EIJING – China will substantially increase the cost for breaking the law in the crackdown on intellectual property right infringe

ments and counterfeits, an official with the national market regulator said Monday.

“We will make the manufacturers and sellers of fakes products pay the

price until bankruptcy,” Zhang Mao, head of the State Administration for Market Reg

ulation, told a press conference on the sidelines of the annual legislative session.

They will also be exposed to the public and “have no place to hide under the sunshine,” Zhang said.

At the same time, the country will push for the self-discipline of companies and nurture a social credit system, he said.

Through the efforts, the administration aims to gradually red

uce the number of fake products and ease the concerns of the people, Zhang added.

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