China has overtaken the world to emerge as the biggest exporter of goods. But still, a number of misconceptions are associated with manufacturers and traders. Here we debunk them.
China has taken the world by storm. With its resources, manpower and organized production, China is now the largest exporter of goods, including technological products, clothes and sanitary ware among other products in the world. But China’s consulting firms and manufacturers often have to deal with misconceptions and trading myths. Some of them are debunked below-
1. Factories work with European and American customers so they know the requirements- Just because suppliers have produced the similar or same product before doesn’t mean that they will know your required standards of production inside out. So, don’t leave the specifications to them. Have trading partners in China to help quality control.
2. China’s a supermarket- Well, that’s partially true. You can get anything here, but that doesn’t mean you can buy anything directly. You have to order at least a minimum quantity and the manufacturer must be willing. So, do research or ask your consulting partner to help you find a producer for your requirement.
3. Chinese Products are of Cheap Quality- If you don’t explain your quality requirements and don’t discuss your standards of quality control then the producer will automatically resort to cheapest alternative. But if you are clear about quality control and ask a China consulting firm to perform orderly checks and audit, then you would never have cheap quality goods.
4. Trading companies aren’t required- Want to buy directly from factories? Beware, you can be scammed or have delayed deliveries and cheap quality products. Make sure that you have a trading company to represent your requirement and outsource goods and services.
5. It isn’t the place to invest- Unknown to a lot of people, but China is one of the largest importers of goods in the world. And its per capita income has witnessed whopping increase over the years. Therefore, if you plan on expanding your business or wish to invest then China is the place to be.
6. The company is listed on online portals, so it’s a manufacturer- Just because a company is listed on online portal or participates in trade shows doesn’t mean that it is a manufacturer. Resort to a China trading partner to conduct a factory audit and research on potential supplier.
7. I will have to fill enormous paperwork- Just because you want supply of goods or need to expand doesn’t mean that you have to fill in enormous amounts of paperwork. Well, that’s what trading companies are for. They will save you from paperwork, outsource your services, check quality control and provide best prices.
8. Translator won’t be required- A Chinese consulting firm will do everything to protect your interests, but you need to supervise the operations every once in a while. That’s why having a translator is a must.
9. China isn’t buyer’s market- It is actually a 1.3 billion buyer’s market. In fact, its low inflation makes it a controlled economy for trading your products. If you plan on investing in the country, then its trade market is a viable option.
Trading with China is usually a profitable, long term partnership that you can cherish if you opt for a trading partner to outsource and guide you during the production, investment or supplying process.
About Author:
David Gorol is a senior employee of the Guangzhou HK Trade Group, which is covering vast areas in China. The Company offers international business groups with sourcing services to carry out a business in the Chinese territory, such as a translator in Guangzhou, sourcing services in china etc.
