China has played an increasingly important role in world trade as the economy has developed. China overtook the United States as the world’s second-largest exporter in mid-2006, according to data released Thursday by the World Trade Organization, and the emerging economic giant is making headway.
In 2007, China’s trade with Japan, the world’s second-largest economy, surpassed the United States’ trade with Japan for the first time since World War II. China’s export growth outpaces all other major trading countries.
The “Made in China” label can be found on many products around the world. It’s hard to find a store in the West that doesn’t carry products labeled ‘Made in China’. China has overtaken Japan in the past decade to become the world’s largest manufacturer and exporter of consumer goods. It is now the number one producer in the world for more than 100 different consumer products. As most people know, products made in China are usually cheap and of high quality.
Many foreign buyers search for Chinese suppliers on B2B websites to compare the price until they get the lowest price. Many SOHO and small business owners play tricks. They use the lowest price to attract customers first and ask them to pay the deposit. After confirming the order, they commit fraud during the process, such as slight change in materials or increase in sample charge when making models. However, many Chinese foreign trade companies and SOHO individuals do not have the ability to pay buyers compensation for their losses.
The low price can’t say everything, buyers should not only consider the price, but also choose a good supplier. Just like RICHFORTH LIMITED, which not only has the most competitive price, but can also provide you with top-notch service. RICHFORTH is a sourcing hub facing most small and medium sized businesses accepting and welcoming all small orders. Even its financial sector has adequately prepared itself to deal with the losses it may take, this is what many Chinese foreign trade companies and SOHO people cannot do and avoid the price trick.
