Watch piracy a problem
THE problem of counterfeit brand-name watches in China and other Asian countries has not yet been fully tackled, according to a leading watch manufacturer.
Eric Steiner, vice-president of SMH (Hong Kong), said watch imitation was still serious in the United States and Asia - especially in China - despite the introduction of new laws to prevent unscrupulous manufacturers pirating well-known designs.
The Chinese Government announced action including copyright and corporate laws to stamp out unfair competition earlier this year.
Mr Steiner said he welcomed the introduction of the new laws but he expressed concern over the Government's implementation of them.