Why import from China?

When you want to import, one of the most important things to think about is where to buy these products?

when you search the answers from the website, there are so many options. It will confuse you, which is your best option?

If I was you, I will choose China. Here are the reasons.

• • Supply chain and Industry chain
    • Firstly, you need to know what is the supply chain, and what is the industry chain.
      • Simply speaking – Supply chain includes industry chain.  
      • Industry chain+ transport+ finish sell=supply chain
      • Industry chain means raw materials purchase, installation and manufacture, packing and printing.
      • Full industry chain means one can finish industry chain itself. 
    • From the global, China is only one who owns a full industry chain country. For you, it means to choose import from China=choose a way with many options= lots of backup suppliers available. 
• • Large enough
    • Covering approximately 9.6 million square kilometers (3.7 million mi2), it is the world’s third or fourth-largest country by area. 
    • China with a population of around 1.4 billion in 2019
    • The large population and large area covering, offer enough raw materials and enough laborers to sustainable manufacturing.
• • Price
    • It’s true that the lowest price products which need to take advantage of laborers are less and less in China. China is updating its position from low-end products to middle-end and high-end products. 
    • The top tech products, China still has a long way to go. But except that, China keeps its advantage over other competitors. 
    • Comparing products made in Japan and Germany, China’s price is super competitive. Some even 10 times lower!! Such as production lines, machines, cars, etc. 
• • China speed
    • It’s a word you hear often on TV or in the news. But how fast is it really? A few examples.
    • Infrastructural capacity. In the midst of the epidemic, it only took 9 days to go from 0 to a fully equipped hospital in Wuhan.
    • Transportation speed. The speed of high-speed rail is about 300km/hr~330km/hr. The normal train is only 160km/hr. At the end of 2019, total length of high-speed rail is 30,000kms. 118 cities have high-speed stations. 
    • Electronic payments. If you come to China, you will find that people don’t carry cash when they go out. When you go to buy something, all you have to do is “Scan” the phone. Take the subway, take the bus, just “scan” it. Electronic payment has greatly shortened the time to settle transactions and increased speed.
    • These increases in speed have accelerated the pace of our lives, the pace of production. All the things are done at 2 times. In such a large country with 1.4 billion peoples, 2 times speed is horrible. 
    • Do you know how long does Tesla built their factory in Shanghai ? Less than 12 months! It includes signing contracts, construction, and building the factory and set equipments.
    • Similar factory, do you know the process in Germany? Tesla only finishes the contract. 
• • Industry 4.0
    • The concept of Industry 4.0 was first proposed in Germany, then called “Industrial Internet” in the United States, and transformed into “China” after it was introduced in China. Made in China 2025″. At the same time, it is also a microcosm of the process of upgrading from the massive “Made in China” to “Made in China”.
    • After 30 years of development, China already has the most complete industrial system in the world. Products have evolved from simple OEM to independent R&D capability.
• • Quality
    • Made in China used to be the epitome of poor quality and low prices.
    • But now, Made in China is working hard to transform itself. Made in China are on the way to= high level of made in China, creat in China
• • Market Regulation
    • Government regulation has increased, and it is difficult for many non-compliant and non-legal companies to survive.
    • The awareness of copyright and trademark is gradually increasing. 
• • Fast delivery- One Belt One Road. EU-China train
    • The One Belt, One Road policy has opened up the Asian and European continents, providing another option for transportation. It has also boosted the economic development of countries along the route.
    • PS. 2019 CIIE I went to, I felt the sense of border between countries gradually blurred. 2020 will be the third year of CIIE and I’m so looking forward to it.
• • 5G
    • 5G provides powerful technical support for China’s speed.
    • PS.5G will also produce dramatic changes in many industries and will be both an opportunity and a challenge for video, electronic information technology, and other industries. Do you see the opportunities?
• • Society stable and business environment
    • Social stability. Excellent business environment. Strong comprehensive service strength.
    • China has the most complete industrial system in the world, a pragmatic government, efficient construction, educated talents, fast and inexpensive Logistics, and strong resource integration.
    • In this environment, businessmen only need to think about one thing: how to run their businesses well.
    • This is why some foreign investors choose to invest in China, even after the dividends of a large and densely populated country have been lost.
• • RMB Stability
    • Under the influence of the Belt and Road policy, the country provides another currency settlement method for countries along the route.
    • Previously, your local currency convert to USD – transfer USD to the Chinese supplier – the Chinese supplier converts USD to RMB, then purchases raw materials for production. It takes 3~7 days
    • Now,  your local currency convert to RMB – transfer RMB to the Chinese supplier – and the Chinese supplier purchases directly from you, then purchases raw materials for production. It takes less than 3 days.
    • PS. Why the US sanctions will affect the import and export of some countries? Why use USD will use a longer time? That because all the USD needs to be transferred in the banks in the US. 
• For these reasons, I recommend you to source from China.