By John T. SmithPublished Feb 05, 2018 05:00:49The world’s most elite Chinese silk-robbing elite has just released a statement on its Instagram account, in which the group’s leader called for a crackdown on “black market” silk.
In a post that has been shared more than 5,000 times, the group leader, Li Guofeng, said that Chinese silk is being “cheated” by “foreign” companies that steal Chinese silk and sell it for around $200,000 per kilogram, according to a translation provided by the Beijing-based news outlet People’s Daily.
Li Guofens comments come after China’s Silk Road Economic Belt initiative announced on Thursday that it would allow Chinese entrepreneurs to enter markets, with the aim of establishing “free trade zones” across China.
China has also recently announced plans to set up a $1 trillion market for the global production of silk, the largest silk export market.
Silk, the raw material for a variety of clothing and accessories, is one of the world’s richest and most sought-after commodities.
China is the world leader in the production and export of silk.
But China is also struggling to control the sale of the product, which has become a symbol of wealth and privilege in China.
Last month, the Silk Road Forum, an international trade organization, released a report that found that China’s economy had become “a major market for illicit exports of Chinese silk products, including garments, leather, leather products, and shoes.”