China As The Second Economy Giant Next To US; How It Surpassed Japan Will Inspire You

Previously, China was famous to be the land of royals and emperors. But now, China is considered an economy giant mainly because of their import and export business. China is a fast growing manufacturer of almost all kinds of products. Name it and top China suppliers eventually has it! Mostly into mobile phones business, China has become the largest manufacturer of mobile phones and similar gadgets worldwide. In fact, new technologies are constantly being developed in China every single day. If this continues, China suppliers will and a spot second to United States as the world’s largest economy.

What is behind this success? How did China managed to go up all the way to the second spot, next to US, overtaking Japan which is also an economy giant? Some theories suggests that it is a combination of these factors.

1. Products manufactured in China can effectively compete with products coming from the rest of the world. Reports claiming that products made in China are of low quality were quickly dispelled by manufacturers. According to them, buyers demand the standards of their manufactured products. With that, the blame is not on China supplier’s side. In fact, a lot of big names are manufactured in China and they have undergone strict quality control on the materials being used.
2. As of the moment, top China suppliers have cut down the red tape between Chinese government and foreign businesses. Previously, laws imposed by the government inflicts discouragement towards foreign business owners, resulting to less transactions with suppliers in China. But after China got involved in the World Trade Organization which was held last 2001, China was able to lure the international market and soon after, the practices and laws involving international trade was simplified, making it a lot easier to communicate to top China suppliers.
3. Rank as the number one highest populated country, China do not have problems with man power. The cost of living in China is also very low, resulting to a cheaper wage demand compared to US and Europe. This cheap wage greatly impacts in the overall product manufacturing cost.

Though language differences is still an issue up to this day, china suppliers resort in employing English-speaking staff to address this issue. Also multilingual sales offering assistance to foreign businessmen are highly prevalent in top China suppliers.

Business etiquettes also affects the failure and success in the business transactions in China. After all the trade liberalization that we have these days, culture and tradition still has a big impact when it comes to dealing business with China suppliers.

Finding Chinese suppliers is very important for importers to have flexible and variety of choices and options to choose from. For starters, it is best to coordinate with private companies as they have more information when it comes to trading practices and traditions in China. Nonetheless, it is important to understand the customs and traditions of China suppliers to be able to have smooth transactions with them. You can start by reading e-books and online information from export coaches.