He says this as though quality hasn't been a massive problem since moving supply chains to China.
In the case of luxury brands (really any product made in China from cell phones to golf balls) it's the IP theft. Run a batch of Dior bags during the day and then some at night outside of the production schedule and then sell them on the internet or to unscrupulous retailers. Ebay and even Amazon have a ton of ripped off copycat products being sold. Even US movies being shown in China are subject to self-reporting of movie revenue to share with Hollywood and just ask the dazzler with his mythical MBA how reliable self-reporting is in the real world. Buying Chinese stocks based on "reported" earnings per share, cash flow and balance sheet equity and debt is like buying Enron stock based on "audited" financial statements.
You can get a Rolex knockoff that looks the exact same, and made from the same materials, for a fraction of the cost.
I’m not a watch guy, but this is happening.
Super Clones are a real thing, some of the knockoffs are getting insane and nearly imperceptible from the real deal to the untrained eye.
Movement inspection, finishing, and materials are the tells required for these. Rolex uses 904l steel, 99% of other watches are made with 316l. Precious metal clones forget about it, they're garbage.
Even then you're talking 1-2k to feel like a fraud, I couldn't do it, would be like the heartbeat beneath the floorboards driving me crazy until I screamed "It's fake!"
I'll just take the opportunity to drop my Hulk in here because it is what it is
