The arrest of three Chinese nationals by the Kansai police for parallel trade of Japanese baby nappies suggests that mainlanders involved in such illegitimate activities have turned global in their product sourcing, the Hong Kong Economic Journal noted Thursday.
The arrested trio in Japan had purchased 990 packs of Japanese brand ‘Merries’ baby nappies from 267 drug stores and supermarkets in two towns five days after they arrived in the country, the report said, citing Kyodo News Service.
According to some Japanese reports, consumers in Japan have been reporting shortages of Japanese brand nappies, as traders from China buy up stock and resell it in the mainland at over 50 percent premium to the original price.
CEC International Holdings (00759.HK) chairman and managing director Lam Wai-chun told HKEJ that mainland parallel-goods traders have been importing from around the world over the past year, with Japan and South Korea being the prime spots.
In some cases, the traders are importing much larger quantities compared to what comes in through normal channels.
A rising renminbi combined with a softening Japanese yen could be a reason, said Lam, adding that the parallel imports cover a range of goods, from clothes to food stuff and cosmetics.
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