Sportswear manufacturing giant Nike has agreed to pay triple compensation for its Hyperdunk 2008 FTB basketball shoes after it came under fire in a CCTV report on Wednesday.


Nike China issued a statement today http://www.cheapepicreact.com/ , saying it will pay 4,500 yuan (US$1,861) to consumers who want a refund. The shoes cost 1,499 yuan.


The statement said Nike would start refunding from April 4 for 90 days. Consumers can call 800-820-8865 or 400-880-6453 for further inquiry.


Nike China claimed it had mistakenly used the promotion materials of Zoom air cushion and apologized for that.


Nike Hyperdunk 08 FTB was found to be of lower quality wholesale nike epic react flyknit , CCTV reported, and accused Nike of false promotion. The shoes, sold as a limited edition, did not incorporate the patented Zoom air cushion wholesale nike epic react , as the sportswear manufacturing giant claimed on its Chinese website, China Central Television’s annual “3.15” quality investigation program said.


The shoes were advertised as copies of those worn by basketball legend Kobe Bryant at the Beijing Olympic Games in 2008.


Nike had earlier offered a full refund to customers, but refused their demand for triple compensation, CCTV reported.


According to China’s consumer rights law cheap nike epic react online , businesses should honestly describe the quality, property and use of product, failing which, they have to pay triple compensation.


A total of 300 Hyperdunk shoes were up for sale in China cheap nike epic react flyknit womens , according to Shanghai Yangpu Market Supervision and Management Administrative Bureau. All of them were sold out.

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SYDNEY， March 17 (Xinhua) -- The Australian market finished higher on Friday with the banking sector carrying the weight of the index.


At the close of trade， the S&PASX 200 index was up 13.80 points or 0.24 percent at 5，799.60， while the broader All Ordinaries index rose 13.70 points or 0.24 percent at 5，841.20.


""Today it was all about banks， they put the bulk of the points into the market，"" IG chief market strategist， Chris Weston told Xinhua.


""I think maybe some overseas leads from wall street have filtered through to here.""


The rest of the index saw very mixed results.


""It's all a bit messy to be honest， it's coming up to quarter end and you tend to get a few weird and wonderful things going on in the market，"" he said.


The commonwealth Bank edged higher at 0.07 percent， National Australia Bank added 0.72 percent， Westpac climbed 0.79 percent and ANZ also made gains at 0.22 percent.


BHP Billiton fell 0.96 percent， Rio Tinto lifted 0.72 percent， Fortescue Metals dropped 1.17 percent