Losses to U.S. companies from counterfeits in China

The US International Trade Commission reported that companies in the United States lost $48 Billion in 2009 due to the counterfeiting and pirating of software and other intellectual property products in China.  2.1 million jobs were also lost due to Chinese counterfeits in 2009.

Source: Michael Martina, “China says piracy problem not “extremely serious”,” Reuters, July 12, 2011.