Aug 28, 2010 1
An Overview To China Import Business
Due to globalization companies have opted to expand their market, overseas operation and gain trade agreements. Cheap labor has attracted multinationals to invest in Asia especially in China. However, business culture should be considered carefully when getting into the China import business amongst other concerns. The business culture reflects how companies or organizations conduct its business, the extent of autonomy and freedom being practiced in making decisions, development of new ideas, flow of power and information, and dedication of the employee towards achieving the organizational goal. It is important to adhere to the business culture of an overseas operation, that way work harmony, and efficiency can be achieved towards its main goal of profitability.
The first step in establishing a trade business with China is to attend trade shows and expos so one can meet suppliers and exporters, hence establishing a network once you want to initiate your business prospects. The well attended and successful trades exhibits, shows and expositions in Hong Kong and Shanghai usually have their schedule dates posted online available for everyone to see. Once you make it to the show, and meet all the exhibitors, then it’s time to make a short list on which suppliers would really help you in your business. It is important to look for the direct suppliers because some of them are just third party agents and they are just additional costs if you do business with them. It is advisable to go to a licensed broker for professional help when it comes to import regulations of China. Although China is a card-carrying member of the WTO, it can also deal on the local level as well. In case one has finally decided to dive into the Chinese trading business, it is important to have gainful knowledge of the different costs, expenses and taxes that one must pay so that it won’t be overcharged and would be cost efficient. The supply chain must be reviewed thoroughly and examined in detail so that once the business is running, hidden costs would not come out of the woodwork. Lastly, it is very important to build a good relationship with your Chinese counterparts so that in the future, they can give you a heads up on what are the hottest and saleable items, plus discounts. An important element to consider in China import business is the concept of trust and honesty. Want to know more about Chinese business? Don’t hesitate to contact us. We are happy to help you.
