| Back then, China was known as the land of the | | | | opened its doors to the international market, it |
| emperors and ancient civilizations. But not anymore. | | | | imbibed international trade practices and laws, making |
| China has become a giant economy, overtaking Japan | | | | it easier and safer to buy their products. |
| and coming second to the United States. China is | | | | 3. With its high population, there are a lot of workers |
| growing by leaps and bounds in the import export | | | | available in China. Because cost of living is lower in |
| business. It has become the largest manufacturer of | | | | China, workers do not command the same level of |
| many products exported to other countries such as | | | | wages as in the US or Europe. The cheap labor in |
| mobile phones. In the same note, China with a | | | | China significantly reduces product manufacturing |
| population of over 1.3 billion has grown to become | | | | cost. |
| the biggest automotive market. If China continues | | | | Along with these advantages and opportunities come |
| the present trend in its import and export business, it | | | | risks. Because of the language differences, it would |
| is expected to remain the fastest growing economy | | | | be difficult to do business with companies that do |
| and grow 10% every year, possibly overtaking the | | | | not have English-speaking staff. However, in recent |
| United States to be the world's economic giant. | | | | years, the big manufacturers have included multilingual |
| What made China grow so big in the last 30 years? | | | | sales staff that can assist foreign businessmen. There |
| It would be a combination of factors such as: | | | | are also Chinese business etiquettes that are totally |
| 1. China products can compete with products coming | | | | different which would affect the success and failure |
| from other countries. There are myths that products | | | | of business transactions. Despite China's trade |
| imported from China have a problem with quality but | | | | liberalization, traditions and culture still play big part in |
| manufacturers are quick to dispel this, stating that | | | | the business and this need to be taken into |
| majority of the buyers dictate the standards of the | | | | consideration when dealing with them. |
| products that they are manufacturing. Therefore, the | | | | It is highly essential for an importer to be flexible and |
| blame cannot be passed on to them. A lot of big | | | | study different sources for your products in case |
| names in the world have their products made in China | | | | one or two suppliers fail. When starting off, it might |
| using quality materials and under strict conditions of | | | | also be a good idea to partner with private |
| manufacturing standards and quality control. | | | | companies who already have information on trading |
| 2. The Chinese government has cut the red tape, so | | | | practices as well as distribution channels in China. It is |
| to speak. Many of the obstacles that used to be | | | | highly essential to understand the Chinese |
| imposed by the government have discouraged | | | | businessmen and their culture. There are online |
| foreign businesses from pursuing transactions with | | | | information, import export coaches as well as import |
| China suppliers. China joined the World Trade | | | | export training courses and e-books that will keep |
| Organization in 2001 and made itself more attractive | | | | businessmen updated on China's policies and practices. |
| to international businessmen with this trade | | | | Better yet, get the services of import export agents |
| liberalization. The WTO handheld China in its venture | | | | and experts who know the intricacies of the China |
| out into the international market and made it possible | | | | import and export business. |
| for China to lure in international buyers. When China | | | | |