As of March 2024, the global trade landscape for China Manufacturing actors remains uncertain due to various factors such as geopolitical tensions, supply chain disruptions, and the ongoing impact of the COVID-19 pandemic induced disruptions. Despite these challenges, experts predict that world trade will continue to grow in the coming years, albeit at a slower pace compared to pre-pandemic levels.   This year, China’s premier Li Qiang announced a growth target of 5% for the Chinese economy, while WTO projects a 4.6% growth for the country. Projecting confidence, he nonetheless confirmed that Chinese people would need courage and wisdom to overcome the obstacles to a greater future.  1 Li Qiang, China’s Premier addressing the 14th National People’s Congress in 2024 [Credit: XinHua] China Manufacturing role in Global Trade in 2024 Robust exports over 2024 says WTO China, as one of the world’s largest exporters, plays a crucial role in shaping the global trade outlook. With its strong manufacturing base, far-reaching supply chains, and export-oriented economy, China has been a key player in driving international trade growth. According to a report by the World Trade Organization (WTO) in 2023, China’s export capacity is expected to remain robust in the near future....

Today, we focus on sourcing steps when buying from China. We know how difficult it can be for import startups, local buyers seeking to outsource manufacturing and young entrepreneurs to get familiar with global sourcing. Buying wholesale from China not only requires planification, funds and a sales outlet. Many times over, we have been asked what IncoTerms mean, or how to handle customs clearance for goods made in China. Whether you import from China, Turkey or any other country, understanding the sourcing steps is the cornerstone to the success of your purchasing wholesale from China.    Reach Out to Sourcing Companies Your first step is to contact a reliable sourcing company. They can make your buying process stress-free. You can get all the information on a single platform and reach out to the market anytime, anywhere, without visiting China for research purposes. This can save you a lot of time, energy, and money taken for visiting Chinese factories and negotiating with suppliers.   Reach the Market by Visiting Factories and Manufacturers Physically visiting manufacturers and factories can be time-consuming, but it will allow you to identify the products and negotiate with the suppliers. Buying wholesale products from China directly from the...

When China underwent economic reforms and opened its doors to international business, it embarked on a transformative journey that would make it a manufacturing behemoth on the global stage. But recently media overseas have been keen on spreading words like reshoring,  decoupling, or even de-globalization. Anyone involved in manufacturing outsourcing understands that, for now, these are mostly thoughts with little reality to them. However, are we the last breaths of a golden age where everyone depended more or less on China for a large array of machinery, white goods, and fast-moving consumer goods? Title of an article from the “Reshoring Institue – Non-profit and Non-partisan” The above title accurately shows how ambivalent attitudes can be toward a trend called “de-globalization”. But in the end, most publications found by our team when searching on Google all agree on one point: this is not the end of globalization. However, most content found online implies that there is a willingness to take a step back and implement change to redistribute interconnections and leverage. With that in mind, let’s see what is at play regarding China. CHINA IS STILL THE WORLD’S FACTORY There is no doubt that, notwithstanding COVID-19 disruptions and all, China is...

Behind successful businesses lies a network of reliable suppliers from China, Turkey, or anywhere else. But quality issues can arise because of the gap between, let’s say, Chinese Supplier’s standards and Western Retailer’s standards. This is why successful businesses always rely on third-party inspection services. Inspection services in China or any other global sourcing destination allow international buyers to deal with quality issues before products enter the marketplace.   Why would anyone deal with a manufacturer who can’t deliver compliant products? Well, things are not as simple as that. The world is not all black and white; somehow, everyone always makes mistakes. So, let’s look at how the right China inspection services company can help build a safety net for importers, wholesalers, and any company involved in outsourcing manufacturing.