Dealing with a Chinese company can present many challenges, but getting reliable information about them doesn't need to be one.
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We often come across China company English names which we feel are misleading.
They are misleading for a number of reasons - some accidental, some deliberate, some cynical - but the root cause is that companies from Mainland China are registered in the Chinese language, not in English.
Here we give some background on China company English names and introduce the 5 ways in which we find they can be misleading.
China Customs Enterprise Classification is a system used by China Customs to grade companies which engage in foreign trade.
Following a long implementation phase, a new classification system was confirmed in May 2018. It had been updated primarily to reflect China's broader implementation of a nationwide social credit system in recent years..
Under the new China Customs Enterprise Classification system, companies are no longer ranked AA, A, B, C or D - there are now 4 different categories which are introduced in this article.
If you're travelling to meet or dealing with a Chinese company it is worth bearing in mind that there are several different types of Chinese currency.
Depending on whether your business is in Mainland China, Hong Kong, Macau or Taiwan you could well need to be looking at 4 different exchange rates.
Here we introduce each of the 4 Chinese currency currently in use in "Greater China" - the Renminbi, Hong Kong Dollar, Macau Pataca & New Taiwan Dollar.
If you've dealt with Chinese companies in recent years there is a good chance you will have come across the term "Unified Social Credit Code".
This unique 18-digit number is issued to all companies and organizations in Mainland China and serves a variety of purposes.
In this article we provide practical information about the Unified Social Credit Code and explain how you can find each Chinese company's number.