If you’re thinking of selling toys in the US market, there’s a great chance you will import your products from China. Currently, more than 70% of the toys manufactured in the whole world are manufactured in this country. When planning your first import, you need to take into consideration many factors. How can you find a reliable Chinese supplier? Which certificates are required? And what are the current US tariffs on toys from China? In our guide you will find all the information necessary to start importing toys from China.
Trademark in China is registered on a “first to file” basis. The logo will be protected for the person who first applies for registration of the trademark. The registration should be considered both by people interested in exporting to China and those planning to import goods from China.
Targets of the majority of Chinese frauds are companies that are just beginning to cooperate with a Chinese partner. For example, Big Order Scam. Therefore, importers who have been trading with one company for years without any problems are convinced that they are safe and none of the Chinese scams concern them. However, this kind of thinking can be very deceptive. Unfortunately, even an experienced importer, who maintains a good business relationship with his trade partner, can fall victim of the Chinese scam. As a warning, we present the China Bank Switch Scam and how to protect yourself from it.
China is the largest e-commerce market in the world. The Chinese shop online much more often than the rest of the world. Among the products that citizens of China buy online are clothes, cosmetics, electronics, and even food (more than 50% of customers). At the moment, the Chinese e-commerce market is worth over 1 billion dollars and is continuously growing. The middle class in China is growing, and so is consumption. Online shopping became very convenient, particularly when using extremely popular mobile payments. New trends and interest in foreign and luxury goods also contribute to the rapid development of e-commerce in China. Domestic products cannot meet these needs. E-commerce gives foreign suppliers an opportunity to sell their product and speed up procedures, benefit from favorable tax policies and, what’s most important, they don’t have to license their operations.
We present to you an interesting infographic „10 facts about e-commerce in China”.
The Chinese market is still opening up for foreign products. The development of global brands in China is gaining momentum. Leading companies have plans to open a large number of branches in China in the upcoming years. Foreign brands are popular especially among the Chinese middle class and the young generation. The Chinese are craving for American lifestyle which results in the popularity of such brands as Starbucks, Apple and KFC. Purchasing American products is an indication of social status and high life.
The infographic below shows the most popular global brands in China. Among the foreign companies with the most significant number of branches in China, we can find examples of the American chains (KFC, McDonald’s, Starbucks), the European chains (H&M, Carrefour, Sephora), as well as Japanese ones (Uniqlo, Lawson).
Choosing the right business partner from China is one of the most critical challenges that an importer should meet. It requires not only a lot of time but also a thorough verification of the contractor’s reliability. There are many ways to meet a potential business partner. The most common ones are Internet trading platforms and trade shows in China. Below we explain how to find a Chinese business partner.
International Incoterms commercial rules set the terms of sale and purchase. International Chamber of Commerce introduces modifications every decade to clarify ambiguities and adapt the rules to changes in international trade. Currently, the Incoterms 2010 rules are in force, but the proposals for Incoterms 2020 changes have already been presented. ICC will announce the set of new rules at the end of 2019. On January 1, 2020 they will come into force. Knowledge of them is crucial when placing an order and signing a contract with a Chinese partner. We describe the planned changes so that you can prepare for the introduction of Incoterms 2020.
Recently there was big news about the collaboration of technological giant Samsung with the fashion brand Supreme. The companies announced their plans to enter the Chinese market together. Soon it became clear that the Supreme cooperating with Samsung was not the original Supreme founded by James Jebbia. How did it happen? Samsung establishing a partnership with the fake Supreme was possible because the New York brand doesn’t have rights to their trademark on Chinese territory. So, we decided to investigate who has the rights to Supreme in China.
A Big Order Scam is a common type of business fraud. It has been used by scammers in China ever since China opened its borders to foreign trade. Surprisingly, despite many warnings and raised awareness of these scammers, a lot of naive entrepreneurs, blinded by a vision of big profit, still fall for this old trick. If you don’t want to be one of them, read how Big Order Scam works and you won’t get fooled.
The New Year in China will start on February 5th, 2019. Chinese New Year 2019 will be the Year of the Earth Pig and it will end on January 24th, 2020. Chinese New Year falls on a different date every year because the Chinese use a calendar based on the movement of the moon. The Chinese Zodiac is calculated according to the Chinese lunar calendar where each year in the cycle is related to an animal sign. 12 animals and 5 elements together form a 60-year cycle where each element is assigned to each animal. 2019’s Pig is the last animal in the Chinese Zodiac, after Dog and before Rat which starts the next cycle. The Year of the Pig refers to 1935, 1947, 1959, 1971, 1983, 1995, 2007, 2019, 2031 and so on.