All businesses are looking for ways to increase profit, whether that’s by reducing overheads, generally keeping costs down, or finding ways to increase the margin on products. The more margin you can create, the more money you have to spend on the wider business and...
In today's competitive international marketplace, businesses are constantly looking for ways to optimise their supply chain and find cost-effective sourcing solutions. When it comes to sourcing products for your business, China stands out as an ideal destination. With its vast manufacturing capabilities, competitive pricing, and diverse...
In the world of manufacturing, the age-old battle between good quality and quick production rages on. On one hand, investing in stringent quality control measures ensures that products meet high standards and customer expectations. On the other hand, opting for a lackadaisical approach may seem...
Are you a business person looking for the right definition to understand “what is Bill of Lading (B/L)?” We have the answers for you. B/L is a crucial proof of transfer from the shipper or exporter to the carrier. It is a receipt and contract between...
What is "ExWorks" EXW Ex-works, EXW, or ex-factory delivery method is the least risky and most straightforward mode of transportation for exporters and vendors among the 11 different delivery methods included in Incoterms 2020. The term "EXW" means that the seller delivers the goods at...
February is an important month for Chinese in 2021. It is the month with China’s most important festival - Spring Festival. China's consumer market is recovering strongly at the beginning of the new year, but the growth rate of imports might exceed that of exports...
What is Maritime Insurance? It is a type of insurance covering the risks that may occur during the transportation of insured goods transported by sea from one place to another. Cargoes transported by ship are faced with different threats when unloading and loading both at sea,...
Harmonized System (HS Code) is the main parts of Tariff codes, also known as "The Harmonized Commodity Identification and Coding System" or The Harmonized System", is an international standardized system for classifying products traded globally. "HS Code" is a multipurpose international product nomenclature developed by...
Import/export business is one of the popular business types in the globalization process. We witnessed the last decade is the higher state of growing international business and the free market economy dominating the whole world. The removal of restrictions on trade and travel between countries, the...
Public holidays practised in China significantly match festive periods. Therefore, Chinese public holidays are the days when shops, restaurants and entertainment centres are open. When planning a business trip to China, dates that do not coincide with the public holiday calendar should be selected, especially if...
