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China's fake Apple stores thrive ahead of new iPhone launch

The fake model is proving so lucrative it has even spawned a cottage industry servicing such businesses

Hong Kong

ON a bustling street in China's southern boomtown of Shenzhen, more than 30 stores carrying Apple Inc's iconic white logos peddle pre-orders for the new iPhone, a gadget that has become a status symbol among many better-off Chinese.

Many of the stores look just like Apple...