Companies have expanded their operations overseas to cater to new markets to take advantage of trade agreements due to globalization. Cheap labor has attracted multinationals to invest in Asia especially in China. However, one should be aware of the business cultures before delving into the China import business. The business culture reflects how companies or organizations conduct its business, the extent of autonomy and freedom being practiced in making decisions, development of new ideas, flow of power and information, and dedication of the employee towards achieving the organizational goal. The business culture is shaped by the culture of the society where it exists. The importance of recognizing business culture in setting overseas operations is crucial in determining the success of the operations whether it maybe for profitability or enhanced productivity through efficient administration.

The primary step into China import business is to attend international trade affairs as well as import shows since this is the best way to establish connection and network that could be very helpful later when starting in the China import business. Most online websites list the international trade fairs, expositions and exhibits commonly held in known Asian capitals such as Shanghai and Hong Kong. Once the link has been established, determine which among the list is a direct supplier that meets your trading requirements. Some of the exhibitors are just agents who live by commission, so what you want is to bypass them and go directly to the suppliers. It is wise to go to a licensed broker whose profession consists mainly of China trading so you can be well informed of all Chinese trade regulations. Although China is a card-carrying member of the WTO, it can also deal on the local level as well. In case one wants to venture in the Chinese import business, it is important to know the different kinds of costs that it would entail for these prospect to succeed otherwise you would be just wasting money. The supply chain must be reviewed thoroughly and examined in detail so that once the business is running, hidden costs would not come out of the woodwork. Finally, it’s important to have a good working relationship with your Chinese suppliers for a better business prospects in the future. Trust is an important element to consider in China import business. Craving for more information about the Dragon of the East? Contact us for business advice.