China

How to do Business in China

Made in China   China is positioning itself to overtake the US as the second largest global economy by 2020. There was $576.8 billion in trade between the US and China in 2016. Goods imported from China totalled $462.8 billion in 2016. If you’re not importing from China, you might be missing out.   The good news is that having your products read “made in China” doesn’t carry the...

Read More
Alibaba

For many small businesses, the daunting task of finding a supplier in China has been made significantly easier with Alibaba. Alibaba is an online marketplace that helps connect Chinese manufacturers with overseas buyers. With the click of a button you can order thousands of products. But it’s not quite as easy as shopping on eBay. While most of the manufacturers on Alibaba are reputable, you...

Read More
chinese business

When many small business owners think about finding good international suppliers for their business, China is typically at the top of the list. But the language and cultural differences can seem like a lot to overcome if this is your first foray into the international market.   The key to success in China is understanding the two main factors that drive their business culture. Both guanxi and...

Read More
chinese business dinner

Doing business in China is all about relationships and therefore you’ll often need to attend a business lunch or dinner with your supplier. Read our guide to find out why relationships are so important in China, and read below to find out the proper etiquette for dining with your business partners in China.   Arrival As with a business meeting in China, arrive early or at least on...

Read More
How to Find Your Best Suppliers in China

Although it may seem that the financial benefits of working with suppliers in China might be waning, the reality is that China is the third largest trade partner of the United States, behind its North American partners, Canada and Mexico. And if the flow of funds and the seventy-four billion dollars that United States companies have sent to China are any indication, your small business will likely offshore...

Read More
Is-Mexico-the-New-China-How-to-Find-Suppliers-in-Mexico-that-will-Boost-Profits

Given the economic benefits of near-shoring to Mexico versus offshoring to China, as well as our geographic proximity to Mexico, American companies large and small are gaining advantage when they find suppliers in Mexico versus trying to navigate the complexities and other major issues that come with dealing with a Chinese equivalent.   Although China seems an obvious source of low-cost production and supplies, consider that Chinese wages have...

Read More
Why-is-it-so-Hard-to-Send-Money-to-China-

The United States’ trade relationship with China is an important economic one. With nearly half a trillion dollars in goods being imported into the States from China in 2016 alone, it begs the question: why is it so difficult to make payments to Chinese businesses? Shouldn’t it be easier to send money to China?   Clearly, our country’s robust trade arrangements should allow for facilitated wire payments, but most...

Read More