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by cyphar
1489 days ago
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This isn't just in the US. In Australia there are have been limits on how much baby formula you can buy per day for years because Chinese parents do not trust domestic powdered milk and so there's an underground market for shipping baby formula from other countries to China at extortionate prices. My impression is that they trust anything that is not from mainland China will be better than what they can get domestically. |
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I have long suspected years ago that in the US mysterious, sporadic local news reports of a Wal-Mart, CVS, Target, or similar store getting wiped out of all baby formula or all of a certain brand/SKU were simply rings of people scooping it up for this arbitrage over eBay, similar resale/auction sites or even WeChat. It doesn't seem systematic, and was very arbitrary which towns/cities they hit and when, but I've always wondered what the real story was.