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Chinese Shopping 'Agents' Cash in on Russian Currency Slide

In Blagoveshchensk on Russia's side of the Chinese border, Mou Jiani has turned her home into a warehouse, stocking up on Apple Inc iPhones, handbags and milk powder to sell back home as Chinese shoppers take advantage of the rouble's slide. Chinese workers and overseas students in Russia have been snapping up goods at low prices caused by the steep fall in Russian ruble rates before brands can adjust them. These shopping “agents”, knows as “daigou”, stockpile the products...

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