At shops in Shanghai's bustling Xinyang market, fake Apple iPhones and Bose speakers sit neatly alongside bootleg copies of Microsoft's new Windows 7 operating system, a week before its official launch.
Microsoft may be baiting the world as it prepares to launch the newest version of its Windows franchise, but Chinese have been able to buy pirated copies this month for just 20 yuan ($3.14) each - a fraction of list prices as high as $469 in Australia.
Research firm IDC estimates about 80 per cent of software sold in China was pirated last year. While that figure is falling, it is still double the global average and about four times that of developed markets such as the US and Japan.
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