IP Dragon has a very short, but highly relevant post, entitled, Catherine Sun Debunks Misconceptions About Chinese IP Protection.
Ms. Sun sees the following as the three biggest misconceptions:
1. IP is not enforceable in China.
2. Keeping brands and technology within the U.S. will keep them safe.
3. Counterfeiting products are always of poor quality.
I absolutely agree these three misconceptions are exceedingly common, but I think number 1 trumps them all as it is the most common and the most destructive. See China Trademarks — Do You Feel Lucky? Do You?