When doing business with China or generally engaging in international trade, you can often encounter various terms and acronyms. You need to be familiar with them when you make transactions, close business deals and complete the formalities. We compiled a dictionary of terms for all the businesspeople who undertake to import goods from China. Listed terms are commonly used by the entrepreneurs around the world.
For those who already import from China or for anyone who is thinking about starting to import from China, we’ve prepared a list of useful websites, free resources, and tips to use when it comes to trading with Chinese suppliers. Some of our resources are well know, but we included them in our guide due to the fact that many entrepreneur or companies have never done business in China, and everything is new to them.
Importing from China is a whole process. Even buying online is not the same as buying on eBay or Amazon. No matter whether you plan to buy a whole 20′ container or just 2 pieces of a product from China, you will encounter the same problems finding a reliable supplier from China, verifying your potential partner, transporting your products from China, and dealing with duty rates and customs procedures.
So we recommend the following tools and websites to improve your importation from China.
If you are trading with China it is worth to ask your business partners to send basic documents in order to reduce the risk of possible fraud. At the beginning it is worth to determine whether the company has a valid legal registration in China. The basic documents you should ask for is a business license (business license). Every legally operating company must possess this licenses, this document fits on one side of a double paper so there is no problem with scanning and sending it to us.
Guest post by Maciej Brzozowski representative of Port of Hamburg
One of the megatrends in economy of the last few years is outsourcing and concentrating on a key competences by the companies, while leaving less relevant matters to the proven business partners. It concerns not only the producers considering the “make or buy” problem, but also trading and service companies. Even the army uses outside companies for facility security service. In case of import from China, the thing we easily hand over China is organization of shipment to the country, because who would be better at it, if not the company operating in a region that’s called the world’s factory.
Guest entry by Piotr R. Gajos, a Product Assessment Specialist of RiskCE
I’d like to thank my colleagues from www.ExamineChina.com for inviting me to post a few entries on the “CE marking” topic. I liked the idea even more because of a mystery this topic still poses for a lot of people, which in case of importing goods from China can put a company at risk of huge expenses and troubles with an unwanted product.
The Chinese New Year (the lunar new year) starts on February 19.2015, but it is worth to prepare in advance. It is the most important holiday in China, this has consequences for the rest of the business world. So if you do business with China, have it in mind.
Doing business online with the Chinese may seem as a big chance. In ordinary cases, online business is savvy, cost effective and easy: we save a lot of money, which would otherwise be spent on plane tickets, negotiations or onsite checks, so, in case of ordering simple, mass-produced goods, why bother? Obviously there are some risks, but some may say that if our potential partner has a status of a “golden supplier”, than what could possibly go wrong? Well, many things: it is not as easy as buying a book on Amazon.
The Canton Fair online registration is open. If you plan not to waste hours in que for your entry bagde at the upcoming Autumn edition of the Canton Fair get familiar with our Canton Fair Registration Guide, you will not only save your time and money but the whole visit at the fair will be a good experience.
Today Apple presented the new iPhone model. This time the Cupertino based company released two new smartphones, the iPhone 6 and iPhone 6 plus. Many Apple users are happy to have the choice between two different size of the new phone. The iPhone 6 will have a 4,7 inch screen and the bigger iPhone 6 plus a 5.5. Those phones will be available in 115 countries just in 10 days.
But why do we describe the new iPhone?
The most popular B2B portal where you can buy goods from China is undoubtedly Alibaba.com, unfortunately portal also contains many listings of unreliable contractors and other traps.