Suppliers are staying abreast of international events, keeping close tabs on products they can replicate and cash in on.
When Prince William of Wales announced his engagement to Kate Middleton in mid-November 2010, halfway around the globe, China makers kept their eyes peeled for business opportunities. And when high-resolution photos of the engagement ring were circulated late that month, replicas were available for sale just a few weeks after.
Suppliers in China refer to this as
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