gray market

基本解释

This will launch a pattern where gray-market handsets continue to decrease in unit shipments for the next four years, IHS indicated.
IHS暗示，这一现象表示在接下来的四年，灰色市场上的手机销量会持续下降。
China has a long history of gray-market financing flowing from small, informal and unregulated groups, to sectors not well covered by banks.
中国灰色金融市场的历史很长，一些小型的、非正式的和不合法的团体将资金流入那些银行没有很好覆盖的领域。
blog.sina.com.cn
But since the same model was selling last week in Beijing for nearly twice the price, Mongkok remains the champion of low-priced gray-market gadgets in Asia.
但由于上周在北京卖的同种型号价格高了一倍，所以旺角仍然是亚洲低价水货电子产品的首选地。

Two decades ago he exploited the shadowy system of gray-market capitalism in the Soviet Union.
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Industry experts speculate that 150 Oscars have been sold since the first Academy Awards ceremony in 1929--half of which are likely gray-market sales involving post-1950 statuettes.
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Most hip-hop artists nowadays prime the pump with gray-market mixtape CDs that add guest tracks, skits, freestyles, and other second-drawer material to scattered previews of their next album.
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