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Friday, May 26, 2017

Half a Million Pairs of Fake Shoes Valued at $87 Million Seized in China

Today, the Global Times reports that half a million pairs of fake shoes were seized by police in Anhul, China. The shoes were intended to be exported to the Middle East and Africa, with a total value surpassing 600 million yuan, or $87.3 million dollars. According to China Central Television (CCTV), fake Nikes, Converse and Vans were made to resemble authentic pairs, but were made with cheap materials. They're being produced for about 20 yuan ($3 dollars), then sold for about 400 yuan ($58 dollars) in foreign markets. Though tagged as being manufactured in countries like Vietnam and Malaysia, the shoes were made in the neighboring area of Bengbu.

Half a million pairs of fake shoes seized - Global Times

Anhui police have recently busted China's biggest-ever case of counterfeit sneakers, seizing more than half a million pairs of sham shoes that were intended to be exported to the Middle East and Africa. The total value of the goods involved surpassed 600 million yuan ($87.3 million).

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