Import from China – Winners’ Guide
Posted by China Sourcing CommentatorSep 3
More information visit www. eastlinksourcing. com. au
People say China is a sleeping giant, but it’s wide awake. It’s the elephant creeping up behind us. Only, it’s so big we can scarcely see it moving. It’s undeniable that China’s export market has grow so rapidly that everyone started looking into sourcing from China for various reasons.
The quality, variety, prices and flexibility of various products that manufactured in China has implanted a strong root for the China’s export market. However, it’s not an easy task to source directly from China’s manufacturers due to the following reasons:
1st ScamMany overseas companies looking for Chinese manufacturer on the Internet or catalogs. This is actually the beginning of a nightmare. There are thousands or even millions of scams on the internet to provide false information overseas buyers have lost millions of dollars in damage. What a lot of talk in the press, and many buyers are being scammed on the Internet. It is therefore very important to check Chinese supplier (either in person or by a registered expert sourcing companies, firms, etc.)
2. Intellectual Property StolenThe risk of intellectual property theft is very high in Asia especially China. A newly invented products has high chance of being copied and being released even before the inventor. If you want your newly invented product to be protected, you need not only get your invention patented but also need “CHINA’S” confidentiality contract to protect your rights in accordance to China’s trading law. To do this, you need assistance from expert such as Eastlink Sourcing.
3. Marked up Price (Foreign Price vs Local Price)China’s suppliers understand that oversea buyers are not familiar with China’s market. Hence, there are normally two types of quotes for their products – one is for local Chinese, another is for oversea buyers. As they also understand that their “FOREIGN” Price is still competitive compard to oversea’s prices, the “FOREIGN” Prices are normally highly marked up. Many oversea buyers are still very happy with the “FOREIGN” Price but they have no idea they didn’t actually save the full capacity.
4. Unmatched QualityIt’s very common that the actual production of products vary from the sample showed to the buyers. Oversea buyers have no on site control over the whole production. This has caused millions of cases that the shipped goods are difference from the samples showed (but still within the quality range stated on the contract). To avoid this, you need proper guidance from the expert or even hiring someone to do on site inspection. This is the money you can’t avoid as it can cause you lost even more.
5. Unfamiliar with Chinese Trading LawsThere are many complex laws and regulations in both China that govern the import process. Various products can’t be export or need to be licensed. Suppliers in China will not tell you the whole picture and when you got your goods shipped, it might not be able to get pass the Custom.
No matter how careful you think you are, there are still smarter suppliers in China that could trick you without you even noticed. Keep the 5 points in mind and constantly seek for expert to help out if you are not 100% certain with something.
Article Source:China Sourcing Blog
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