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How to take advantage of the RMB when buying from China

July 17, 2017 by Gabe Chan Leave a Comment

How to take advantage of the RMB when buying from China

By Mike Bellamy Tips to make the RMB work in your favor when buying from China When I starting doing business in China 20 years ago, the RMB (also known as Chinese Yuan or CNY) was pegged to the USD at 8.26.  While some foreign governments considered it predatory exchange rate manipulation, as an international […]

Filed Under: Payments, Strategy

How to deal with price increases from Chinese suppliers

July 7, 2017 by Gabe Chan Leave a Comment

How to deal with price increases from Chinese suppliers

By Manuel Becvar Today I wanted to share a blog post to hopefully help you and teach you how to deal with price increases from Chinese suppliers.

Filed Under: Payments

What is VAT, VAT rebate, and why should I worry about it?

June 13, 2017 by Gabe Chan Leave a Comment

What is VAT, VAT rebate, and why should I worry about it?

By Mike Bellamy Value Added Tax (VAT) is one of the most confusing and most often overlooked issues when purchasing from China. At the risk of oversimplifying, in theory a 17% tax is paid at each step as a given product flows down the supply chain toward the end users. Take the example of a […]

Filed Under: Payments

Best Practices: Paying Chinese Suppliers

June 9, 2017 by Gabe Chan 2 Comments

Best Practices: Paying Chinese Suppliers

By Mike Bellamy Lessons Learned Over the past 8 years as a purchasing manager based in China I have placed thousands of Purchase Orders (PO) and structured Sourcing programs in over 150 different production classifications, ranging from rubber ducky bathtub toys to electronic devices used in nuclear power plants. Here are some of the lessons […]

Filed Under: Payments

The risks of paying sourcing contractors (employees) in China

March 17, 2017 by Gabe Chan Leave a Comment

By Renaud Anjoran Dan Harris wrote a pretty good overview of the risks of paying an individual as a sourcing/QC employee in China.

Filed Under: Payments

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