Best of Fall at Global Sources [GS]

Lear How China Dominates Sourcing

October saw lots of buyers at the Global Sources [GS] trade fair in Hong Kong and the rest of the season GS brought us up to date sourcing news and trends.  We’ve compiled the best of Fall from GS. What China makes: 10 things the country is big on [Infographic] GS provided us an interesting…

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Purchase Orders or Purchase Contracts?

AsiaBridge’s blog recently wrote at length the exact difference between purchase orders and purchase contracts.  What’s really the difference?  The difference is specifics.  Contracts tend to be more specific than a purchase order.  Purchase contracts you can constantly re-use, especially when it’s already bilingual, only thing to be careful of is the specifics you request…

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PRC Releases New Trademark Amendment, Violators Face Fines: ~500K USD

China’s top legislature– Standing Committee of the National People’s Congress (NPC) adopted an amendment to the Trademark Law which went into effect on 30th of August, 2013. The amendment, raises the compensation ceiling for trademark infringement to 3 million RMB (about 500,000 US dollars), six times the previous limit, it also includes clauses that will effectively prevent…

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Be Smart, not Sorry, when Drawing up Contracts.

This morning, I spoke with a client. He said he needs a simple supply contract to use for his sourcing business in China. I sent him a checklist, so that he can let me know what he expects the contract to specify. He replied that he needed quick advice, he can’t sit and write all…

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Choosing Your Business Vehicle: Wholly Foreign Owned Enterprises

WFOEs usually take the form of limited liability companies and the liability of the foreign investor in respect of the WFOE is limited to the amount of capital it agrees to contribute.  The risk of proceeding with a WFOE structure is that a foreign investor will not have the assistance of a domestic partner when…

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Best of our Sponsors

Believe it or not next week begins March’s end.  With it comes our compilation of our sponsors’ best articles.  This month we reviewed articles from Global Sources, Asia Quality Focus, and AsiaBridge.  GS gave us two completely different posts, one about ‘reshoring’ and one regarding the top electronics for February.  AQF warned us of mixing…

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Don’t be Fooled by a Foreign Partner

Doing business in China is not easy. However, a local partner may help you navigate the Chinese business landscape easier. With a good partner you won’t have to worry about most of the headaches that come with the climate. A local partner can help you understand the law of the land, Chinese culture, especially with…

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