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Китай пытался запрудить evergrowing активное сальдо торгового баланса, управить отечественное взвинчивание, двинуть развитие от прибрежных районов к внутренним ареалам и уменьшить свою зависимость на индустриях тяжело polluting.

Из-за этих задач, изготовлять в Китае будет дорогле по мере того как Китай добавляет в спрятанных (и иногда так спрятано) ценах в уровнение sourcing. 

Здесь верхние 4 причины, котор вы можете ожидать, что цены продолжили поднять в 2008:

1. Уменьшенный возврат VAT

Когда китайские изготовления закупают товары отечественно для пользы в изготавливании, они оплачивают VAT (value added tax). Для людей в Соединенных Штатах или других не знакомо с терминой VAT, это будет необходимо налогом на продажу. Исторически, китайское правительство позволило великодушно возвраты VAT если окончательный изготовленный продукт для экспорта. Однако, 1-ого июля 2007, Китай изменял свою формулу возврата. Много продуктов имели их VAT возвращают вполне после того как они исключены и много других были уменьшены. С китайских фабрик типично примите эти скидки VAT into account высчитывая пределы дохода, уменьшение или исключение их правоподобно… цены повышения (или drastically пределы дохода shrink).

Будет превосходный комплект архивов PDF созданных mfg.com детализируют точно продукты имели изменения VAT так же, как те безпошлинно altogether. Они все были переведены в английскую язык.  В виду того что эти будут архивами PDF, они могут нагрузить медленно в зависимости от вашего соединения интернета. 

Пожалуйста найдите их здесь:

• Обзор Affected продуктов,
• Продукты с ПОНИЖЕННЫМИ скидками
• Продукты с ОТМЕНЕННЫМИ скидками
• Продукты БЕЗПОШЛИННО

2. RMB Currency Appreciation vs USD

Until mid-2005, China maintained a peg on the RMB to the USD at 8.27. This provided an element of stability and took the currency risk out of the sourcing equation. However, over the past year and a half, China has begun appreciating the RMB against the dollar. As of this blog article, the current conversion is 7.26. Furthermore, many experts are estimating the rate to dip well into the 6’s over the next year. 

Here is a chart from Yahoo Finance showing the USD vs. RMB trend:

 
While nobody knows for sure what the ‘final’ trading range will be, there are a few interesting commentaries out there.  This article from Bloomberg quotes Jim Rogers, chairman of Beeland Interests Inc. and a former partner of George Soros, saying the RMB may quadruple in the next decade.

“The currency has advanced 10.5 percent since the government scrapped a peg to the dollar in July 2005, gains that U.S. officials say are insufficient to reduce a trade surplus that swelled to $23.9 billion in September. Jim Rogers, chairman of Beeland Interests Inc. and a former partner of George Soros, said yesterday the yuan may quadruple in the next decade.

The yuan is “the best currency to buy right now,” Rogers told investors in Amsterdam, adding that he is shifting all his assets out of the dollar and into yuan. China is “going to be the most important country in the 21st century.”

The currency climbed 0.16 percent to 7.4926 per dollar as of the 5:30 p.m. close in Shanghai, according to data compiled by Bloomberg. Non-deliverable forward contracts show traders are betting the yuan will reach 7.0070 in 12 months, a gain of 6.9 percent from the spot rate, and 6.95 by the end of 2008.”

On a side note, if you’re importing to Europe, the Euro has actually been appreciating against the RMB, so for now you guys are ok! Check out a recent Yahoo Finance chart showing the Euro vs RMB trend.
 

3. Increased Costs Associated with Importing Raw Materials

China said on July 23rd, 2007 that it would begin requiring that exporters put down a deposit for half the amount they spend importing 1,853 raw materials. A quote from this People’s Daily article summarizes the policy.

“Enterprises which are engaged in the production of these products are required to have guarantee deposits in the Bank of China, the designated bank of China Customs, for a contracted period of time, according to the statement jointly released by the Ministry of Commerce (MOC) and China Customs.

If these enterprises fail to sell their products within the time scale dictated by the contracts, the customs will ask the bank to keep their deposits and interest for taxation.

“We are striving to improve the development of China’s processing trade in a bid to promote trade balance and reduce trade surplus,” said Wei Jianguo, vice minister of commerce.”

These new regulations will require a larger cash outlay for large contracts by Chinese factories. Therefore, it’s more likely that they will need to borrow money to meet this requirement. Borrowing money costs money and that cost is likely to be passed along. 

4. Labor Costs Continue to Rise

Labor, once assumed to be endless in China, has been ‘drying up’ for a number of years now. China’s factories depend on a constant supply of new migrant laborers coming from the countryside. Typically every Chinese New Year, as many people return to their home town as can afford to do so. And each year, some old and many new laborers come to the cities in search of work after the holidays. 

However, as villages have become more prosperous, with more family members making and sending money back home, this endless supply of new labor, has began to shrink. Because of this and other factors, labor costs continue to rise. China’s National Bureau of Statistics reported that in the first half of 2007 wages were up 18.5% compared to the year earlier period alone!

In addition, China as of January 1, 2008 enacted new labor laws that allow for much more worker protection, but of course at a cost. Global Labor Strategies has an article with many links to other blogs and newspaper articles discussing the reaction worldwide to the new law.

SourceJuice is here to provide you with on the ground information from China, relevant to your sourcing and product development needs. Please visit our website and join our RSS feed or mailing list to keep updated with the latest trends in sourcing.