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Home - China Beat - China Beat Nov. 11: Business Focus

China Beat Nov. 11: Business Focus

Nov 11, 2010

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Smuggle Bunnies

For years, oil on the Chinese market has been sold to companies at two different prices—the official price and the smuggled price. Just last week, a cargo ship carrying tons of smuggled diesel was seized by police in Wenzhou, a city in China’s southern Zhejiang province. The ship was carrying more than 800 thousand U-S dollars worth of diesel. The case has put the smuggling industry in the spotlight.

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