China Arrests 103 Accused of Making Counterfeit German Adhesive.

(Bloomberg) -- Police in Shanghai have arrested 103 suspects for alleged involvement in counterfeiting German adhesive brand Loctite, the official Xinhua news agency reported on Wednesday, as China seeks to increase punishment of violations over intellectual property rights. The police seized more than 470,000 fake Loctite adhesive products and labels, worth more than 50 million yuan ($7.1 million), in a raid carried out on Dec. 12, according to Xinhua. The Shanghai police received a tip-off in April that fake Loctite products were being sold on the market and found that two gangs had been manufacturing and selling the counterfeit products in several Chinese provinces since October 2018, Xinhua reported. [Extracted from the article]