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Chinese authorities destroy 3,000 tonnes of fake goods worth $69 mln

News Snapshot:

Chinese authorities on Thursday destroyed a giant haul of counterfeit products purporting to be from brands such as Nike and Louis Vuitton at an event held across 17 provinces and cities, state broadcaster CCTV reported. In all, 3,000 tonnes of counterfeit products valued at 500 million yuan ($69 million) were burnt, dismantled or thrown into landfill, CCTV said. Items in the haul included bottled alcohol sporting brands from Treasury Wine Estates and high-end baijiu producer Kweichow Moutai, state media reported. A statement from the State Administration for Market Regulation, which did not name any brands, quoted Sichuan official Yang Xingping…

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