Learning the Fundamentals of Importing From China

The saying “what goes around comes around” aptly describes the turn of events in China over the past couple of decades. Ridiculed at first for imitating well-made products from the First World, China today is the second biggest economy in the world and is fast catching up with the United States’ position of number one, having already overtaken Japan.

Helping Hand

To capitalize on China’s economic success, a growing number of countries have started joint venture projects with their Chinese counterparts and the same is true about Chinese companies investing overseas. To do that many companies in the European Union are entering into joint ventures which allow them to utilize the significantly lower manufacturing costs in China; this can be done by moving part of the production line to the Chinese joint venture partner. To help you solve the mysteries of doing business in China,…

Read the full article from usatoday.com…

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