China's move to curb grey market for luxury goods may have opposite effect

China's move to curb grey market for luxury goods may have opposite effect

The Chinese government has stepped up efforts to combat parallel imports of luxury goods in recent months. However, some reports suggest that customs scrutiny is hampering the efforts of foreign brands to directly sell authentic goods in China through online channels. That is good news for the traders known in Chinese as daigou and their Rmb43 billion business in grey-market luxury goods

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