If you are visiting China to look for new suppliers chances are that your time will be very limited – you will arrive feeling tired and more than a little bit lost! You will likely need to carry out a quick China factory inspection at each of the businesses you visit.
It can be a very costly exercise, so you want to make sure you can maximize your time by checking out a wide range of suppliers to get as clear a picture as possible of what the factory is really like.
One option is to engage the services of a specialist inspection or consulting company, who can help you to review potential suppliers without having to make the long trek to China.
Another sensible tactic is to first verify your list of suppliers to make sure you only visit legitimate companies that fit the profile you need.
However, there are also many reasons why it is a good idea to see the supplier’s facilities with your own eyes, and for those wishing to embark on a sourcing trip we have created a simple 10-point China factory inspection checklist of what you should look for.
Also be careful to avoid making some of these common mistakes that inspectors regularly encounter when visiting Chinese factories.
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.