Shenzhen Cracks Down on Huaqiangbei's Gray Market Ahead of APEC Summit
Ahead of this month's APEC summit in Shenzhen, enforcement in commercial hubs like Huaqiangbei has intensified, resulting in more arrests and the shutdown of counterfeit goods stalls. Some stalls in the Feiyang Times Building have been cleared, and merchants are barred from selling overseas-sourced iPhones. The summit will draw representatives from 21 member economies, which collectively account for roughly 60% of global output.
Shenzhen Tightens Crackdown on Gray Market in Huaqiangbei Ahead of APEC Summit
On the eve of this month's Asia-Pacific Economic Cooperation (APEC) summit hosted by Shenzhen, law enforcement has been noticeably intensified in commercial districts such as Huaqiangbei. The number of arrests has risen, and several stall owners selling counterfeit goods have ceased operations. Some stalls in the Feiyang Times Building have been cleared out, and merchants have been prohibited from selling iPhones sourced from overseas.
The summit is expected to be attended by representatives from 21 member economies, which account for about 60% of global output. Shenzhen plans to suspend classes, encourage time off, and urge residents to drive less. Postal deliveries may be delayed due to stricter security checks. At Luohu Commercial City, counterfeit goods vendors have switched to selling unbranded products, with some sellers anticipating a relaxation of restrictions after the summit.
Source: Traders Union