I keep thinking that there has to be some cultural component at work here, that it's not a fake that's intended to trick people who want TI parts, that everyone who buys them in the domestic market knows what they're getting. But what do I know.
Yeah, apparently, In china, a blatant copy is considered a good thing. Like tribute to the original, praising it. I've heard a story, a west teacher went to china, and gave a "write me X story" homework. And received 20 copy of the same thing. And the students didn't even understand what was his problem...
The patent for the 555 has long run out. So if some crap-for-brains Chinese manufacturer copies it, who cares. The real problem is IP, trade mark and patent violation which is rife in China.... electronics, clothing, tools, you name it. The kids should receive some "re-education", ie: corporal punishment, to drive the message home to them that a good comrade does not plagiarise. The owners of the companies counterfeiting should be thrown into prison so they can think about the hurt they have caused. FTDI had every right to cripple the pirated FTDI chips.
Imagine if YOU had created some terrific electronic device and as you just being to sell it and start making a profit after all the time, effort and money you have invested. And then some scumbag has copied it, undercutting you and taking a market share. You'd be very upset, understandably so.