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