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China – what does it look like now?

buy modafinil provigil uk You only have a couple of minutes spare, so how do you book a restaurant for dinner, make an appointment to see a doctor, invest in your favourite stock market shares, check the latest fashions on the Paris runway and message a friend? Easy. The answer is quite literally in the palm of your hand. Enter WeChat, the so-called “super-app” for mobile phones that has taken China by storm, transforming the way people socialise, shop and connect. Devotees insist it’s the very best of What’sApp, Facebook, Skype, Uber, Instagram and much more, rolled into one. The services offered by the…

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Doing business in China – taxation and asset protection issues

In addition to the commercial and cultural aspects of doing business in China, it is critical to ensure that your business is structured so as to achieve the dual goals of asset protection and tax efficiency. Asset protection is critical given the language barriers and unfamiliar legal environment encountered by most Western business owners pursuing opportunities in China. Tax efficiency is important in order to minimize the impact of double taxation across national borders. The correct structuring from the outset prevents full taxation both in China (at both the company level and in terms of dividend withholding tax) as well…

Apple can take the bad publicity, but can your company?

Over the last few months, there has been heightened interest in the media about Apple’s responsibility for poor working conditions in their China based factories. This has included reports of underage employment, draconian style work places, work related suicides and dangerous work conditions resulting in poisoning.It raises the question; who is ultimately responsible for an employees working conditions when the factory is not yours?

Are you a professional importer or a hobby importer?

In my business I meet many people who are dabbling in importing– I call them ‘hobby importers’. They are prepared to take on greater risks; they hope that one day their import business will turn from a hobby into a full scale business; and they also dream about one day become an internationally recognised brand owner. Whilst there is nothing wrong with being a hobby importer, I rarely see these hobbies commercialize into serious business ventures. Perhaps its time for some of you to do a stock take of where you really want to be by now…

Back up supplier – why do you need one?

Many importers do not adequately protect their supply chain by having a back up factory. Only when it’s too late and their current supplier doesn’t deliver, do they realize the importance of this safety guard. Having a back up factory is critical to import success. There are many factors that can impact a supply chain and not all of them are within the control of your manufacturer. These include problems like; • labour shortages; • equipment failure; • electricity outages; • logistics problems; • adverse weather conditions, or even • materials shortages

Can anyone tell me what due diligence means?

I recently presented at the Import & Export Show in Sydney on the topic of trade with China . A common question during this session was; “I found a supplier online, how do I know they are legitimate?” Here’s my advice; you don’t know unless you have done due diligence on them. Due diligence is NOT; 1. Meeting someone who ‘says’ they are a manufacturer and thinking they are a nice person; 2. The fact that the person representing themselves as a supplier has a web site and can be found on Alibaba.com; 3. Seeing products at a trade fair…