The trade wiki provides you with perennial articles about the basics of doing business abroad. This essential sourcing guide covers all issues; from product specification to supplier research and customs, all important technical, legal, economical and political aspects are covered. Furthermore, we have a series of articles for the our most popular product categories. We cover many production locations throughout the articles, but China is in the center of attention due to its popularity as manufacturing location. We sometimes refer to it as China trade wiki. This is the best place for you to look up any trade related topic. Make sure that you also take a look at our manufacturing blog for more specific articles and at our industry reports for the product category that you’re interested in.
Special Economic Zones China (SEZs) are places of concentrated economic growth. They are started to incentivize development in strategic industries. Particularly at the beginning, export oriented industries were in the focus of China SEZ. Learn about tax incentives, regulatory simplifications and policy of those zones.
It is hard to run a business in the globalized world without hearing of the advantages of sourcing to China.
While deciding to look to China and other Asian countries for cheaper manufacturing, numerous benefits exist (including reduced price and
China spends 2.1% of its GDP on Research and Development (R&D), which is in the range of Western countries usually investing 2% to 3%. China Research and Development (R&D) Absolute Spendings will be the highest in the world in a few years. The level of schooling for certain parts is at the very top internationally.
Non-Tariff Barriers to Trade are used to restrict the amount of imports. Annual quantity or value limits for certain goods are determined. China Import Quotas are limited to a few countries & products. A tariff-rate quota is similar since duties for goods increase after a certain amount. Tariffs and quotas are similar.
The global economy (and world trade) can have devastating effects upon countries. Particularly in times of a slow-down or recession,
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