Amid the trade wars and the tariffs, the RMB is weakening against the USD. By the end of January 2018, the rate was 6.2. On July 11, 2018, the exchange rate was 6.68. As of October 15, 2018, it was 6.92, as pictured below. The question is – can your...
LCL, or Less than Container Load, is a shipping service offered by many freight companies as a way of saving money and being more efficient. There are many advantages of LCL but is it really the best choice for you? Let’s look at the key issues when considering using LCL...
When working through a proper sourcing process, one important step to understand is dealing with a Request for Quotation (RFQ). This is a standard business process that allows suppliers to place bids on specific products or services. Here are 3 great tips to a get the quotes you are looking...
Benjamin Franklin once said, “In this world nothing can be said to be certain, except death and taxes.” It is true that no enterprise in the world can avoid paying taxes, which poses the question: What taxes do Chinese factories currently pay? The following post will outline the various types...
Typically when people think of the dominance of China manufacturing in the world, we think of the "Made in China" label. But it may not really be so black and white anymore. Italy, which has long been known to be the global capital of fashion, has been finding that though...
China condemned the U.S. on Wednesday October 12, 2011 after the Senate passed the "Currency Exchange Rate Oversight Act," with a 63-35 majority that threatens to punish China for allegedly undervaluing its currency with retaliatory tariffs on imports from China. Although the legislation refers to countries, it is clearly designed...