Solution!
So now we just need to bomb Hong Kong, right? Maybe we can use nukes - that way all the phishing sites will be distinguishable by their radioactive glow...
On a more serious note, this is starting to look like all a browser needs is a little notification on the status bar at the bottom that states what country the domain registrar is in - it would catch almost half the phishing sites right away. In fact, maybe I'll write up a Firefox add-in right now. That would be useful to a lot of people for more reasons than just avoiding phishers.