Saturday 17 November 2012

iProduct Smugglers On Trial in China

On Wednesday a court in Shenzhen, China tried 25 people for smuggling electronics into China.?

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The smugglers were part of five trafficking rings that brought an estimated $80 million dollars worth of products from Hong Kong.

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They sold iPhones, iPads, and other electronics through online store Lanyou Shuma.com.

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While the same electronics are sold in the mainland, Chinese tariffs and luxury taxes hike up the price. Smugglers buy the electronics in Hong Kong then make a profit selling them below market price in China.

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Many of those tried are said to be middlemen; some are housewives trying to make a little extra income.

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Border authorities caught over 104 suspects in April, but only 25 were tried on Wednesday.

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Source: http://ntdtv.org/en/news/china/2012-11-16/iproduct-smugglers-on-trial-in-china.html

seth macfarlane Black Mesa NFL.com matt ryan matt ryan att wireless nfl

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