Chinese Contracts and Payments

As presented at Global Sources’ China Sourcing Fairs in Hong Kong (Oct 2014) and Johannesburg (Nov 2014) Sourcing veteran Mike Bellamy offers practical and affordable supply chain management strategies that buyers both large and small can easily implement and improve their business performance saving time, money and headaches. Related videos can be found on Our…

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OCTOBER 2014   Sourcing Newsletter   In this month’s newsletter we take an insider’s look at how to get support drafting Purchase Orders + Advanced Sourcing Tutorials now have their own YouTube channel. Do you know where your underwear came from? You can learn a lot about the import-export business by tracing their journey from cotton…

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Today I received an email from a Chinese salesperson named Peter Lou at a metal fabrication factory introducing his firm in hopes I would consider placing an order.  I get a lot of emails like that, but what made this one interesting is that he had a unique sales pitch. Excerpts are posted below.  He…

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Fee Structure The following fees are listed in “RMB” which is the Chinese currency also known as “CNY” or “Chinese Yuan”. Payment may be made in any major currency at the day’s given exchange rate. Visit www.XE.com to check the exchange rate of your currency against the CNY. Lawyer   Fee on Typical Project Service…

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