A Guide to Importing, Exporting and Doing Business in China

China has one of the largest economies in the world in correlation with its population. It has also made a name for itself as one of the fastest growing economies with an annual GDP growth rate of 10%.

If you are planning in doing business with China, you will first need to understand that business in China is relationship driven. Those who desire to do business with China will first have to develop a good business relationship with their Chinese contact before they can engage in any actual business dealings. Once you have secured your contact and have established a bond of trust, you can begin your business deals.

Starting an importing or exporting enterprise in China can be a very profitable venture for those involved. However, it is necessary that one be fully aware of all the legalities involved. China has very strict policies regarding the exporting of artefacts from the country and requires detailed documentation of these items. Also, the format of these rules and the documents may vary from region to regions, so make sure that you are aware of the changes.

In order to enjoy long-term success when doing business with Chinese companies, one has to ensure that you choose reliable suppliers. You will also need to pay close attention to the type of supplier you hire, and determine whether they are manufacturers or third party suppliers. One must also pay attention to the landing costs involved before making an order. Import duties and other fees should be included in the equation. A credit letter is usually used in trade relations with China, so it is important to have this document secured before moving forward.

Before you decide to get involved in any business venture with China, it is advisable to do a fair amount of research. Determine what products would stir an interest in the Chinese market. You can avail this information from statistics and studies that are easily accessible over the Internet. You should also talk with other business owners involved in international trade with China and find out market strategies and trends. Once this is done, interested parties can start establishing relationships with their prospective suppliers.

It is also of vital importance to understand the payment and trade terminology in China. Having sufficient knowledge of compliance issues and regulations is important, else you might find yourself delayed or required to pay additional expenses.

Return to Articles page.

SJ International Freight Services Limited, UK have head offices in Bristol, UK and Cardiff, South Wales.

Tel: +44 (0)117 932 1160
Fax: +44 (0)117 932 6572
Email: Bob.Feltham@rsj-international.co.uk~
or Steve.Frost@rsj-international.co.uk

Unit 16, Keynsham Road, Willsbridge, Bristol, UK.