What makes up the cost of importing from China?

In the European Union, import means acquiring goods and services outside of the EU and placing them on its market or using in this region. Importing process is complex, so the correct estimate of costs can be challenging. Below we present what makes up the cost of importing from China.

Cost of importing from China
Continue reading

Power outages in China – How will they influence import?

The last days have been tough for both Chinese factories and whole production chains, and citizens—problems with the electricity supply appeared in the country, engendering temporary power cuts and even long-lasting blackouts. As a result, it caused slowing down the work in factories or even the complete discontinuation of production. If this situation lasts for a more extended period, it will significantly impede trade with China. Why have power outages in China appeared? What should importers do?

Power outages in China
Continue reading