2015年9月3日星期四

How to Do Business with Chinese Companies? How to Buy Products from China and Make the Payment?

As the global manufacturing base, China is attracting more and more attention from the world. Although she’s losing her charm among some international buyers who begin to invest in or purchase from some Southeast countries due to the increasing labor cost and material cost in China, while with her strong management, well trained workers, disciplined factories, most developed express network and transportation system, stable economic and political environment, China can not be easily replaced, at least not in the future 10 years. 

About how to purchase the product you need from China

First you decide what kind of products and what's the quantity you need. And there are 3 steps after that.

1. How to Find A Supplier
For large quantities, the most direct way is visiting trade fairs, the most famous trade fair here in China is Canton Fair, which takes place twice a year, in April and October, it is most comprehensive trade fair, covering all trades. 

Besides the Canton Fair, there are thousands of different trade fair take place in different cities every year, do a research online and choose the best trade fairs of your industry to visit.

Visiting trade fairs is also the most costly option, you need to plan your trip in advance, book your flight ticket and hotel room several months ahead or else there won’t be any left for you, the hotel fee is always at its peak when the trade fair takes place. You may also need a translator who can help you with communication with the factories in the Canton Fair. This isn’t quite necessary as almost all the sales in the factory can speak English, although might not very well. And there are many freelancers and college students standing out of the convention and exhibition center seeking for a translator job, you can always find one there. 

The most cost-saving way might be searching online.You may google the manufacturer of the products you need, or explore the sea of Chinese manufacturers in B2B marketplaces, like www.alibaba.com , www.made-in-china.com , www.globalsources.com , www.ecplaza.net ,etc.  

Finding a supplier online might not be the safest way for you, as there are scams. Be careful and following the instructions stated in our another article, you won’t get trapped.

For small purchases, you may go to the B2C websites,like www.ebay.com
www.aliexpress.com , www.dhgate.com ,etc. You will find good deal there.

2. Get in Contact with the Supplier, and Get to Know the Product and Shipping
Now that you have chosen the suppliers, contact them, ask them to give you a detailed quote, usually the quote includes the price model number, the picture of the product, the technical specifications, certificates obtained, the unit price for your required quantity, the delivery time, product warranty and the detailed packing information etc.

After the above information about the product are gathered, it comes the Shipping.
The shipping cost : it depends on how soon you need the products, and which way of shipping you choose, for large and heavy products, it’s usually shipped by sea, as for small and light products, you may choose to ship by air or express. Usually your suppliers would quote the possible ways for your reference.

3.Import Tax
There might be import taxes charged by your custom when you import the products, you may check with your custom and see what's the tax percentage of your products, you should be able to find it on your custom's website.?For very small quantities and low amount, there might be no import taxes.

About Payment

About payment, your supplier will suggest the ways of payment they prefer, usually it's 100% T/T in advance, esp for the customers they cooperate with for the first time. The way of payment includes: bank transfer, Paypal, Western Union, etc. Which is largely up to your supplier, and your negotiation.

We are not a professional consultancy, we are just one of the millions of manufacturers in China. Hope this could help.

If you have further questions, please contact us any time, we shall be pleased to help.

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