Several standards for Product Classifications in international trade that serve different purposes. Depending on the Product Categorization, the use for customs procedures or analytical purposes are the objective. This article provides a comprehensive overview for Industrial Good Classification.
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China is currently undergoing a fundamental change with respect to its economic policy that is strongly connected to trade. China Trade Policy emphasises for export orientation on a macro economic level is coming to an end and internal Consumer & Consumption Driven Economy increasingly moves into center of attention.
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Understanding Chinese Culture in general and Chinese Business Culture in particular is crucial for dealing with Chinese professionals. Many small rules and taboos exist, but a general knowledge about keeping face and basic etiquette are most important. These insights are helpful to get along in Chinese Work Culture.
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Certifications do not necessarily mean good quality, but they ensure minimum legal safety requirements are met. Getting Product Certifications in China right is crucial. Depending on the product & the country of destination, different mandatory certification terms apply, which should be checked in detail beforehand.
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China continuously exported significantly more than it imported for the last decades: the famous China Trade Surplus. This Balance of Trade was intentionally created to promote growth but is increasingly leading to economic problems. Learn how China's government has recognized the Positive Balance of Trade problem
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Everyone involved in trade is looking for Price Arbitrage Strategies and Opportunities. Learn about the economic context of absolute and relative advantage, which is crucial to understand for Arbitrage Opportunity China and Advantages of Outsourcing to China. Arbitrage Trading Strategies have never been this popular.
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