Pug, technically you may be right, but practically, it doesn't affect buying from China. A recent call to my CC company questioning the use of credit cards for Chinese/Asian purchases (of course, they knew what I was talking about), they responded that they had no problems with "purchases" from China and the same CC protections exist.
As for the smuggling issue, Americans are "smuggling" approximately 1 hundred thousand items a WEEK,via credit cards according to US sources. "smuggling" being purchases from Asia. Anyone gone to jail yet (other than domestic resellers)?
It's obvious that the cc companie's love the business........and we won't be fugitives