China sourcing makes the headline in every main media. One fact can indicate how hot it is. Chinawhy have recently launched a PPC campaign on Adwords to promote China product sourcing service, we didn’t make to first page when raising the bidding price to 1USD/click. In this article, we will try to cover all the issues and challenges you are facing when sourcing from China, including: find suppliers, screen and verify suppliers, price negotiation, contract negotiation…
By Hayden Hong
Trade exchange between different cultures and countries has long yielded rich rewards for those who recognize the potential. After all, as far back as the 1st century BC, merchants and caravans followed the Silk Road – the overland trade route from northern China to the Western World – and brought precious silks, tea and other resources from China to the rest of the world. Not only did linking different countries and cultures prove profitable, but new and greater products and ideas flowed between the countries.
The Silk Road of the 21st century is technology driven. This trade exchange, built on fiber-optic cable, sprang from the Telecommunications Act of 1996. Read the rest of “China’s New Year: The Year of Opportunity” or post a comment
By Klaus-Dieter Hanke
The good news for all importers is, there is no substitute to importing from China. Products at more economic prices have become part of our daily life. Most of these products are made in China and have replaced locally made products that could not compete with them for various reasons.
The bad news is that China as the so called “Factory of the World” is seriously affected by the lower demand of the main import countries like the USA and the EC member states.
To counter the effects of the global financial crises, China has announced a US$ 586 billion rescue package to finance programs in 10 major areas like rural infrastructure, social welfare, etc. The amount will be spent until 2010. Read the rest of “How does the present economic turmoil affect imports from China?” or post a comment
Have you heard about L10N, G11N and i18n? L10N is abbreviation of “Localization” (or spell as Localisation); there are 10 characters between first L and the last N. In similar, G11N refers to Globalization – 11 characters between G and N, and i18n for internationalization.
It is said these slangs firstly appear among software engineers. Internationalization (i18n) is the process…
Just like in other countries, being dependent on one relation is also not advisable in China. Whether it concerns a client or supplier, a distorted relationship will often cause pressure. This will result in a weak negotiation position which, in some situations, will cost you dearly.
Satisfaction with the current situation should not be an excuse to ignore other purchasing channels.