Business | The Safely Sourcing China Blog - Part 3

Posts Tagged ‘business’

Parallel or Grey Importing And The Scammers Behind It

Tuesday, August 24th, 2010

Parallel or Grey Importing & China

Firstly, with regards to a basic explanation of Parallel  or Grey Importing, and the scam effect, allow me to direct you to an article of mine which discusses this matter in the Scams & Scammers Category of my blog; the article is entitled “Games Consoles & XBOX in China” I assume you’ve been and read it, and have now come back to continue. So let’s get to my point. Every region has its’ own official distributor(s) who are licensed and engaged to distribute for the producer into a given region. That means, that even if you were to contact the relevant distributor for the Chinese market, that distributor would not allow me to purchase from him/her with the foreknowledge that you planned on having them shipped out of China, for fear of losing that very valuable license.

Parallel or Grey Importing - Worth the Risk?

Parallel or Grey Importing - Worth the Risk?

Even if they took that risk you’d only get them at wholesale in China, and by the time you’d payed for shipping, you’d probably have them held-up at customs at your end, or even impounded or confiscated, as companies are now on the march, with government assistance, to batten down the hatches on parallel or grey importing; as is evidenced by the rate at which these actions are now taking place in EU ports. However, I don’t believe a genuine distributor would allow you to do that in the first instance. Not for a heart-beat. But that, in and of itself, isn’t the major issue – there’s more. If he/she did agree, particularly with that foreknowledge, then you would have to suspect something dodgy was going; more dodgy than your request to the licensee to parallel or grey import these products into other regions of the world, not under his or her license mandate.

Want To Risk Your Money On Parallel Or Grey Imports?

Want To Risk Your Money On Parallel Or Grey Imports?

As you are perhaps aware, or perhaps not, China has a problem, in that foreign mafia regularly send people into China masquerading as representatives of very large corporations such as the Apple and Sony Corporations, and many others. These people, then give product plans to their targeted Chinese companies and, after inspecting their factory, issue them with a fake license to produce and manufacture on behalf of these big names. The Chinese companies genuinely believe that they are licensed to do so, as these mafia are very good at there jobs and have a strong financial backing to support their claims. They’re professionals. They then go on to set up or give people (probably there own) “license” to act as “official distributors”. However, when once YOU buy these goods (because that’s what even many chain stores end up buying) and sell them on, your own prospective client may find, should a problem arise, that their product identification codes do not coincide with those on the company database, and will be left without warranty, on a product that is a clone; and so will be left without recourse, but to turn back to you, who would then look back to the “distributor or licensed agent“, who in turn would have to look back to the “licensed manufactory” here. ONLY TO DISCOVER THAT YOU, AND THEMSELVES, HAVE BEEN DUPED! And that is exactly what is happening, and, morally speaking – in terms of the duty we owe to our prospective buyers, I really think you’d be better off out of it. It’s a morass. It really isn’t a fun pool to swim in. There are, however, a lot of legitimate high quality, great design, top of the range, as it were, “no-nameOEM/ODM products available, which compare technologically very well with many of the “big brands”. Anecdotaly, I have a nice little Chinese made no-name 1 GB USB memory stick I bought here in Beijing, in a tech market, about two years ago. It’s great. I was shocked to discover one day that I’d had the thing in my pocket when my trousers went into a 3 cycle wash and spin.

That’s buggered then!

That’s buggered then!

When hanging out my clothes to dry I discovered it with a yelp, thinking, “That’s buggered then”. I put in a shelf for a day or so, then picked it up and stuck it in my computer in the forlorn hope that it might just work. To my surprise, it opened up a window in the blink of an eye, as it usually did. In fact, a large number of clients have brought data on USB sticks with big brand names, and they all open slower than my little no-namer, which is Blitz fast. Anecdotes aside: My moral sense of what is right and wrong, in respect to the end user or buyer, baulks at the idea of even considering the potential risk to them as buyers, and to my personal sense of honour. Yes, some of still hold onto that old fashioned notion. Quaint, huh? For me, it has always been about the road I take, and not simply attaining the final destination, without due consideration as to how I get there. I have always wanted to arrive at, or achieve, my destinations and goals – whole, intact, and more of, NOT LESS than, a person than I when I started out on the journey or undertaking. International mafias are very pervasive and convincing. Not my cup of tea I’m afraid. The above mentioned scenarios are equally true for big brand apparel, trainers, cameras, and computers etc. “Welcome to the real.” Or…. not….

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Originally posted 2009-08-13 06:52:11. Republished by Blog Post Promoter

Popularity: 16%

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Something You Need To Know About Us

Sunday, August 22nd, 2010

Something You Need To Know About

Your China Trading Partner.

Your China Trading Partner

Your China Trading Partner

The increased influx of emails we’ve received, from people who’ve been burnt in their China dealings, has prompted me to write the following. Here are some things you need to know about us before you contact us.

Who are we?

We are product sourcing agents, and are focused in sourcing whatever products you need, and covering a very wide scope. We have close associations with a number of Chinese companies whom we trust, and are constantly developing new relationships with new suppliers. Whatever it is that you want, we can find it, as long as it’s being produced in China. Although, we are somewhat different to other sourcing agents, because we also assist in debt recovery, and also take an active role in warning the purchasing public, of the potential dangers of self-sourcing products from such a distance; whilst at the same time, providing the purchasing public with guidelines aimed at helping them avoid the potential pitfalls of dealing with China – such as being scammed, and losing their money.

Why Should You Deal With Us?

  • Because, we are principled business people who believe in putting people before profit.
  • Because, we are the good guys who think of others before ourselves.
  • Because, we demonstrate this by having a starting commission rate of only 5%, and falling according to size of order.
  • Because, we don’t charge any commission from the Chinese side, as other agents do, and so increase YOUR costs; our aim is to try to get you the best price we can.
  • Because, of the two previous points, you have already saved a minimum of 50%, and a maximum of 150% on agency commission costs, when compared to what other agents would charge you. We prefer turnover, and customer satisfaction, by making you and the Chinese supplier happy on cost.
  • Because, we believe in business fairness, balance, and harmony in all our transactions.
  • Because business doesn’t always have to be shady and knife-in-the-back.
  • Because, we, having a far better handle on the language, can source a wider range than simply logging into Alibaba, or some such website.
  • Because, we understand business culture here, and can spot a scammer before we even go face-to-face.
  • Because, if you don’t use us, you’ll more than likely get burnt.
  • Because, if you do get yourself burnt, it better be for a large amount, because if you come to us after the event, and you’ve only lost a couple of hundred, or a couple of thousand, we just won’t be able to help you.
  • Because, we get a mountain of mail from people having lost less than $10,000 USD, on a daily basis, and we know, what you DON’T know, and that is this – you’re never going to see your money again.
  • Because, if you got burnt for an iPhone and a couple of Dell computers, we aren’t able to help you; our sympathy you have, our help, you do not.
  • Because, if your case is for more than $10,000 USD, the chances are you probably did some research and due diligence, and the company stands a chance of being ‘real’, and they’re simply chancing it with you; and that means we stand a chance of getting your money back.
  • Because, our recovery service fee, is the same as our sourcing fee – 5% of the order value.

What Are The Benefits Of Sourcing From China?

Well, generally speaking you should find that you can reduce your average costs of manufacturing by up to 30%, and even as high as 60% on European and North American manufacturers. For example: Scares aside, due to failure to quality check goods at port before leaving customs, pharmaceuticals can be produced, and synthesised in China at greatly reduced costs. In certain cases costing only 1 tenth of what the same product would cost to produce in Europe or the US. Now that’s a saving! These types of savings are par for the course for a wide range of , but not all, products in China. Well, with so many companies making money from this – Why Aren’t You?

What Quantity Are We Talking?

Well, most genuine suppliers have a Minimum Order Quantity (MOQ), which can vary, depending on product, from 3 to 3,000 pieces.

So, How Can You Avail Yourself Of Our Unique Situation?

Your problem is one of trust. You have nobody here on whom you can rely. Quite simply, you need to have a third party here in China you can trust, and to ensure that you get the goods you want, shipped to your market of choice, when you want, and at a the price you want. But China is so far away, and you don’t know the culture, the people, or the language. But you do know, that all of the aforementioned can cause you problems.

How can you resolve these issues without going to China?

Easy, develop a relationship with somebody you can trust, and allow them to handle things for you.

Connect With The Right People – Not With The Wrong People.

Allow us to be your prime contact in China. I’m a British expatriate, married to a Chinese citizen, and have been living and working here for 8 years. Quite simply, my China qualifications are way superior to yours. Take advantage of me – before someone takes advantage of YOU!

Here’s My Hand, And My Offer.

Accurately specify what it is you want, and we’ll find a source for you. We don’t charge a fee for inquiries, and you should immediately, or within a few days, be presented with a series of offers, from which you can choose what appeals best to you. If the source is new to us, and you can guarantee you want to take that offer, then we’ll go down and verify the source first, before you make the payment, at no extra cost to you, as we consider a new source to be a new RESOURCE for us. Give us the stress you just don’t need – and don’t feed the greed! Safe Trading!

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Originally posted 2009-09-13 18:58:21. Republished by Blog Post Promoter

Popularity: 7%

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Legal Process Outsourcing (LPO) – Beijing, China

Monday, August 16th, 2010

Legal Process Outsourcing

Legal Process Outsourcing

Legal Process Outsourcing (LPO) refers specifically to the current trend of law firms or corporations in obtaining their legal advice and support services from an external law firm or company. When this occurs in conjunction with an outsourced entity based in a country other than that of the company seeking to outsource, the practice is known as Offshoring. Legal Outsourcing, or Offshoring, has gained remarkable credence during the past several years, both in the United States and the UK. The majority of Legal Outsourcing companies are presently located in India and the Philippines, and which have achieved high levels of success in providing such services as document review, legal background research and writing, drafting of pleas and briefs, and also in patent services outsourcing through Intellectual Property Offices (IPO) submissions. In recent years, China too has made great strides in developing its’ legal training and development infrastructure, and continues to do so. For example, there now exists the China-EU School of Law (www.cesl.edu.cn) in Beijing, and which is a joint project between the Chinese Government and the EU. Presently the CESL, as it is known, offers both Masters and Ph. D programmes. Presently, India has about 37% of the World’s outsourced services, whilst China is now on the rise with around 10%. Advantages.

  1. Access to a much larger labour pool at lower costs.
  2. A reduction in legal costs of anywhere between 30% and 70%, and thereby allowing firms to reap large cost savings.
  3. LPO also means that one can have round-the-clock services, due to time differences, and projects can be completed over night, so to speak.
  4. Greater flexibility, as companies utilise a combination of off-shore and on-shore legal talent to enhance cost savings and also relieving the stress of demands on the business.

Disadvantages.

  1. Offshoring work to foreign markets introduces certain cultural and language barriers that may encumber communications between both onshore and offshore teams.
  2. Outsourcing sensitive legal information across the globe inevitably gives the vendors with whom you’re working access to confidential information. There are those who contend that in sending legal work overseas, this constitutes a waiver of the attorney–client privilege because the U.S. government monitors cross-border communications, and foreign countries lack the privacy rights afforded by the U.S. Constitution.
  3. It has been noted that a number of outsourcing ventures fail due to indistinct expectations, poor vendor responsiveness, and a general lack of understanding and ineffective governance over the process. Those companies with multi-shore operations must dedicate both time and resources in the management of their offshore relationships, and thus diverting attention from core business functions.
  4. In some instances, hidden costs might undermine the cost benefits of outsourcing work overseas. Hidden costs include vendor management, quality control, contract management, employee turnover, vendor profit margins and increased operational costs.
  5. Relinquishing control of complex legal processes to a party across the globe can result in a loss of managerial control over people and processes. The practice of employing remote workers also can increase certain costs such as travel and training.

However, having  a representative you can trust in the country where your Off-shore vendor is, and who can work the relationship for you, and keep ahead of the game, can mitigate all such issues described above. We at YCTP know the East and we know the West; we know your expectations, and we can clarify them and put them across eloquently and succinctly to your Chinese LPO vendor. It is, therefore, our pleasure to assist you in your search for legal service vendors in Beijing, that Your China Trading Partner provide you with our LPO – Beijing, China directory of companies, and individuals, in the legal services sector guide. The materials in the Your China Trading Partner, LPO – Beijing, China directory of companies, and individuals, in the legal services sector guide, are provided without express or implied warranty of any kind. We have no relationships, and receive no monies or other form of remuneration for including those companies and individuals you will find in the PDF document. If you run your own search in Google you’ll find more or less the same information. We have simply collected and collated it for you as a customer service. With YCTP you can have the best of both worlds. Remember, we’re here when you can’t be!

LPO - Beijing, China

LPO - Beijing, China

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Originally posted 2010-02-11 22:03:49. Republished by Blog Post Promoter

Popularity: 4%

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The China CEO Gift-Giving Scam

Saturday, August 14th, 2010

Municipality of Tianjin
Image of Tianjin via Wikipedia

I was recently contacted by Eric Vermaas, the CEO of PT Team Wood (www.teamwood.org), a Dutch-Indonesian timber and furniture partnership based in Jakarta, to run a background check on an Import Export company based in Tianjin, China, and which had just placed an order for $915,000 USD in speciality wood furnishings. Fortunately, for Eric I just happened to be in Tianjin at the time, as I was visiting family for the Mid-Autumn Festival, one of the two main traditional festivals along with Chinese New Year, and therefore checking them out was a fairly simple process for me. The Chinese company details are as follows: Tianjin Tanbo Import & Export Trade Co., Ltd., Address: 43 Nanjing Road, Heping District, 300350, Tianjin, China Web: www.sjzdingsheng.com.cn Tel: + 86 228 143 92 09 Fax: + 86 400 67 61 100 ext 1010 Email: heiyexingguang8@126.com, tanbo_2003@yeah.net Trade Manager: Chen Jinliang I quickly discovered that telephone number is not a land line, and is actually a mobile number known as a xiao ling tong, and which looks like a land-line number, can’t be easily traced, and is very cheap to buy. The fax number isn’t in Tianjin and seems to be out of town, and is perhaps a fax service somewhere, hence the extension number; quite probably a big room in a cheap building with a number of fax machines in it – linked to a PBX if the extension number is anything to go by. I visited the address provided on the website and discovered that it doesn’t actually exist. Basically the numbers on that street jump from number 35 to number 57 Nanjing Road, with nothing but an abandoned construction site between these two numbers, and therefore no sign of number 43. Of course, all of this seemed somewhat suspicious at best, particularly more so since I further determined that they allegedly scammed a businessperson from Europe out of 8,000 Euros on or about the 22nd or 23rd of September 2009 (you can find the details here), and have also placed large orders with several other companies, in one case up to $600,000 USD in value, and all since the 31st August 2009. I further discovered that Tianjin Tanbo Import & Export Trade Co., Ltd., also operate under the name of Hebei Dingsheng Import & Export Company, and have the same non-existent address. In consequence to all of the above I strongly advised PT Team Wood to have nothing whatsoever to do with this “company“. Tianjin Tanbo also failed to respond to my repeated phone calls or emails. Particularly when once they realised they had Chinese speakers, currently resident in China, on their tails. The only call we had, and which I instigated, was brief, and led to their prevarication and a lot of stuttering, particularly when I asked for their address, and they said it was the same as the website – to which I responded that I’d been to visit the location, and it didn’t exist. Whereupon they responded that they’d just recently moved. How convenient and how odd they’d forgotten to mention this when first asked, or even to update their website. Finally, I asked them to have a senior executive call me back, and have had no response in the three days since that call – and neither do I expect one.

The CEO Gift Scam Works in the Following Manner:

1. The scammer places a large order with you. 2. They then invite you to China to finalise the contract. 3. When you arrive, they will tell you that in traditional Chinese business culture you should buy the CEO a gift commensurate with his position. This in the case of the last person I found scammed by them was for gold bars worth 8,000 Euros. 4. After you have signed the contract and returned home, they then contact you again and tell you the contracts must be translated and stamped and sealed by a notary, and that the fee for this is 1,350 Euros or something of the type. 5. If you pay that then the next step would be for them to cease contact with you, as they are in no way interested in a purchase.

Gift-Giving In China

Gift-giving in China is common in business, but a bottle of wine or a treat from your own country is usually more than acceptable, and I know of no CEO who would expect me to buy them anything expensive. Moreover, since you are a foreigner you’re usually expected to be ignorant of gift-giving in China, and so are exempt from this. Most gifts between Chinese businessmen are cigarettes, Chinese white spirits (baijiu – a strong clear alcohol), or a good tea; certainly never in the form of gold bars, unless you have plans on bribing your way into a contract. In conclusion, and as a rule of thumb, you should never feel obliged to buy anybody any kind of gift in China during the pursuance of your business interactions. However, out of politeness, a small gift of not-too-great an expense from your own country or culture will be gratefully received and appreciated. Safe Trading!

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Originally posted 2009-10-07 22:50:26. Republished by Blog Post Promoter

Popularity: 34%

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Interior And Exterior, Security or Standard, Metal Or Hardwood Veneered, internal And External, Doors From China

Thursday, August 12th, 2010

Two-Tone Metal And Veneered Hardwood Door

Two-Tone Metal And Veneered Hardwood Door

There are a wide range of manufacturers of excellent quality interior and exterior, security and standard, PVC, metal or hardwood, laminated, veneered, internal and external, doors to be found in China.

Glass Inset Wave

Glass Inset Wave

And, of course, Ken Stone, at Your China Trading Partner, Beijing, can assist you in finding the right supplier and the right deal to meet your company’s cash-flow or design needs.

Whether you’re looking for external or internal metal security doors with multiple bolting around the frame; or, alternatively, the same level of security in a hardwood veneered finish, glazed or unglazed, it doesn’t matter – I can help.

You might be looking for frosted, rippled, patterned, clear, mixed frosted and clear glass insets. That’s not a problem.

There are single doors, double doors, and 3/4 doors.

There are solid door-frames, veneered door-frames, and metal door-frames; there are A, B, C, J, or Y-type door-frames.

There are dozens of veneers to choose from to meet your needs; how about Red Cherry, Teak, Light or Dark Oak, Light Maple, or Red Beech?

Whether you’re just seeking hinges or locks for your doors, Ken Stone, at Your China Trading Partner, Beijing, can help you find what you’re looking for.

Whatever your needs, we’re here to help you.

Trade Safely!

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Why I Don’t Source Brands For Parallel Or Grey Export From China.

Tuesday, August 10th, 2010

Drafter at work : Drafters pay careful attenti...

Drafter At Work (Model Used For This Image)

Just why won’t I source iPhones, XBoxes, and the like, from China?

Well, I’m going to keep this brief, and to the point, and use Microsoft™ and Apple™ as examples, since they’re really very commonly sought after brands. The Russian and other Caucasian mafias are very organised, and have a lot of funding behind them. Consequently, having a technician take a piece of equipment, such as an Xbox or iPhone, apart, and making technical drawings of the product, isn’t really a matter which presents them with any great difficulty. Having business cards made claiming they represent Microsoft™ or Apple™, presents them with equally as little difficulty. Printing headed paper for letters, and bonded paper for business production and distribution RIGHTS licences, for the purpose of confirming that a company is being granted the RIGHTS, to manufacture and distribute, the Xboxes and iPhones they manufacture, under that licence, is no problem either. Sending some men, and a beautiful female interpreter, to China to convince Chinese factory owners that they are genuinely being granted licences to manufacture and distribute “genuine Microsoft™ or Apple™” products, presents just as little difficulty. Of course, when once they arrive in China, and some small, medium to large electronics company, in central China, in the middle of nowhere, is paid a visit by the mighty Microsoft™ or Apple™ corporations’ representatives – then they are, of course, deeply humbled and just can’t believe their luck; whilst afterwards,  it takes them at least a fortnight to stop smiling at themselves, and they will never tire of boasting of their new connection with the mighty Microsoft™ or Apple™ corporations. After wining and dining their esteemed and honoured guests, they then find themselves being presented with the license to manufacture and distribute on behalf of these great names. It’s like being granted a license to print money! Within months their goods are being bought and sold in China, and then sent abroad to small buyers, purchasing through the internet, looking to make a buck by buying cheaply from China. Of course, the reality is that a genuine REGIONAL MANUFACTURER or DISTRIBUTOR, would never dare risk losing their license by selling outside of their geographically acknowledge sales region. Meanwhile, the Chinese manager producing the goods, hasn’t the slightest idea that he’s producing fakes. He thinks it’s all real. After all, the people who came, where all foreign, white, big, wore expensive clothes, shoes, and watches, and stayed in the most expensive suites in the most expensive hotel in town. They even had business cards, letterheads, secret plans and technical drawings, and bonded licence paper, and a company seal. What is there to doubt? How could the factory owner possibly doubt them? And I bet this goes on in other countries such as India, Pakistan, and elsewhere. I suppose you can now see why I won’t touch named brands in China for the purposes of export. It simply isn’t worth the risk to me, my reputation, to you, or your clients. If you want the genuine goods, then speak to the OFFICIAL Microsoft™ or Apple™ DISTRIBUTOR (or whatever brand) for your particular geographic region. A quick visit to their websites should provide you with that information. Do yourself and your clients a favour. Why do you think you’re going to get them cheaper here? Safe Trading!

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Originally posted 2009-31-12 13:27. Republished by Blog Post Promoter

Popularity: 6%

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SafelySourcingChina.Com Is Launched

Monday, August 9th, 2010

The More Things Change, The More They Stay The Same – When Is A Blog Not A Blog?

Well, I decided that although I like the look of the blog here at yourchinatradingpartner.com/blog, and that WordPress has a great deal to say for itself, as a very manageable blogging tool; I just felt it was a wee bit slow. I mean, you come to the YourChinaTradingPartner.Com page, and you get a very nice fast load. However, when you drop down a directory into the blog, I found it to very often take a monumentally long time to load the page, and it was driving me nuts. So, to solve the problem, and generate a lot of new work for myself, I built an HTML version of the blog, and slapped it on its’ own host at www.SafelySourcingChina.com. Of course, this has presented me, the novice, with certain issues, such as how to make an RSS feed of my new HTML version of the blog. However, after a little searching I managed to find a way of doing it which suits me down to the ground. Indeed, once I’d organised my RSS, I then went and tried feeding it to FeedBurner, and it went through far more smoothly than the horror story that was my feeds, here on the blog, just a week ago, when i had to hire someone to sort it out for me. CLICK! and I was done. I couldn’t believe how easy it was. I’ll continue to post here, but I’ll also post the material on the new blog too, for those who prefer a speedier, if less glossy, access portal to my stuff. If anyone’s interested in how to set up an RSS feed for their blog, then I suggest you simply go where I went, and all will be made clear. Here’s the link: rapidfeeds.com By the way, I just tried putting the annimated feed link bar in here from FeedBurner, but WordPress just wouldn’t have it, and I’ve had to rewrite, and delete this article 4 times to try and dump the scramble of code left here. I like the UTILITY of WordPress, but I prefer the ease and speed of HTML. For me, WordPress has presented me with a number of issues, a few of which are still unresolved. That’s it for now, folks. UPDATE I managed to get an HTML blog sorted quite nicely, but found updating feeds to be a bit of a drag, and so finally decided to move the WordPress version of the blog here, as you can now see, and have probably noted.

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Originally posted 2009-08-13 03:03:06. Republished by Blog Post Promoter

Popularity: 7%

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A German Company Discovers The True Meaning Of “Ripped-Off”

Sunday, August 8th, 2010

A Shockingly Interesting And Extremely Cautionary Tale From China.

Jamil Anderlini, in the Financial Times, published on July 27 2009, presented an article entitled “A cautionary tale from China“. Well, as you know I live and breathe in China, and so felt more than a little compelled to read the article. What I first noticed, after having read it, was how quiet the Chinese media had kept it – no surprises there I guess. My next thought was, how dumb the victim, one Mr. Klaus Hilligardt, had been by entrusting his personal life, money, and home, and more particularly his business into the hands of his chosen Chinese managers; not a particularly wise move, as you will discover as the story unfolds. The victim had his whole company stolen from under his very nose. I mean the guy didn’t even have absence from China as an excuse, as he was resident here for virtually all of the time preceding the eventual disappearance of his company. Victims aren’t made – they’re born! And this is a point I keep trying to make to those of you who read me here, and to those of you who email me in the hope that I can get your money back, and which you just kind-of gave away to someone on the other side of the planet. OOPS! Basically, the Chinese management team of this company, which runs all the major advertising hoardings in China, predominantly on the underground, and national rail lines, set up there own ghost company, which included a logo not unlike the actual company they worked for; the senior Chinese manager, then sold the rights to the new company to take all their clients, and establish themselves as the new market leaders, using money from the victim’s own company to do so, whilst still being paid a salary from the victim’s company – I MEAN, SHAME JUST HAS NOWHERE TO HIDE IT’S FACE IN SHAME!

Image Copyright Financial Times Newsaper Group

Image Copyright Financial Times Newsaper Group

This is assault, battery, rape, and then being peed and shat on for extra measure, before being poked in the eye with a pointy stick, just when you thought it was all over. In the end, the German managers from the parent company flew over to China, and ran a raid with the police, on the offices, into which the Chinese management had barricaded themselves, before arresting them and hauling them of for intense questioning. Now, why am I telling you about this? Just because it happened in China? No! I’m telling you because the victim had several years of experience in Asian countries, but failed to learn the language, or the culture, and allowed himself to be walked up the garden path and given a damned good seeing to under the shady apple tree behind the garden shed. My point? Very simple. You need me. China has been my home for the past 8 years, and has been a better home to me than my native England, in many ways, and I am very grateful to her for that. But still, this is the Wild-East folks, and you greenhorns gotta watch out for Los Banditos Chino, because they can be pretty mean  Hombres to deal with. Safe Trading! Here’s a link to the original article for which you may have to sign up to a free membership to read: www.ft.com/cms/s/0/e4103832-7a87-11de-8c34-00144feabdc0.html?nclick_check=1#

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Originally posted 2009-08-13 06:12:20. Republished by Blog Post Promoter

Popularity: 44%

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A Comprehensive Source of China Links

Saturday, August 7th, 2010

Possibly The Most Comprehensive Listing Of China Governmental And Non-Governmental Info-Sources.

When embarking on trading with China, both you and your company need as much top-level information as possible, and it should be equally wide in scope and readily available at the click of a mouse at any time, day or night. And that’s where a small family-run product sourcing and due diligence company in Beijing, are seemingly outstripping their larger competitors, by presenting quite possibly one of the most comprehensive sources of information and links to Chinese governmental and non-governmental information sites of interest and information, with particular emphasis on due diligence and trading safely with China; all readily available in one place, and at the click of the mouse, for foreign businesses, traders, and entrepreneurs on the internet.

YCTP China Trading Links

YCTP China Trading Links

This small company is saving a lot of people a lot of hard footslogging, or better said – key tapping – by opening to the public their own carefully garnered resources to the public domain. Indeed, they even outstrip companies such as Alibaba with the comprehensive and ‘all-in-one-place’ format of their links – literally at your fingertips. Indeed, there are many pages offering information on the internet regarding product sourcing, due diligence, background checking, and lodging formal complaints with governmental or voluntary agencies. However, few sites offer such a broad and comprehensive range of informational links to relevant and pertinent Chinese authorities and government sanctioned trade and commerce sites, where you can find connections to genuine Chinese businesses who have registered themselves with governmental authorities. This in and of itself doesn’t necessarily make these businesses one-hundred percent genuine or risk-free. However, it certainly does minimise the risk of being scammed. Sectional headings on the links page at www.yourchinatradingpartner.com include – China Business Resources: the links in this section cover a variety of journals and blogs appertaining to trading with China and are replete with useful information, inside tips, news, data, and current trends. In the China Government Business resources section there are a string of excellent links to The Ministry of Commerce to the Peoples Republic of China (national) and its’ associated forums and complaints sections. In the Invest in China – Government Website section you can confirm the validity, or determine whether a company is legally registered in China. However, it currently only deals with those companies who have joined voluntarily and/or are foreign/Sino joint ventures. In The Local Administration for Industry and Commerce Section you can check local branches of The Ministry of Commerce to the Peoples Republic of China to determine the validity of a business and whether or not it is a legally registered entity. Other sections include links to the Bureau of Fair Trade for Imports and Exports, Department of Foreign Investment Administration, and the World Importers Net (Ministry of Commerce PRC), which is a trade promotion website under MOFCOM Public Information Service (MPIS), aiming at promoting international trade by providing both Chinese and overseas companies with trade information. It is an important part of the China national public information service system for international trade and economic cooperation, and is funded by the Chinese government; all services provided are free of charge. Further very useful sites linked to by YCTP are the Department of Foreign Trade, China Customs & Excise, and The Mediation Centre of the China Council for the Promotion of International Trade; where if something goes wrong with your transaction, and you have already tried to contact your Chinese business partner to resolve the issue without success, then you can refer your case to arbitration. Another interesting and useful link is to the Trademark Office – State Administration for Industry and Commerce (CTMO); which department performs the registration and administration of trademarks nationwide.

CIETAC is now one of the busiest arbitration centres in the world.

CIETAC is now one of the busiest arbitration centres in the world.

Another immensely useful site is The China International Economic and Trade Arbitration Commission (CIETAC) which is the most important and permanent arbitration institution in China. Formerly known as the Foreign Trade Arbitration Commission, the CIETAC was set up in April 1956 under the China Council for the Promotion of International Trade (CCPIT) to meet the needs of the continuing development of China’s economic and trade relations with foreign countries after the adoption of the “reform and opening-up” policy, the Foreign Trade Arbitration Commission was renamed as the Foreign Economic and Trade Arbitration Commission in 1980, and then finally settled down as the China International Economic and Trade Arbitration Commission in 1988. Since 2000, the CIETAC is also known as the Arbitration Court of the China Chamber of International Commerce (CCOIC). The CIETAC independently and impartially resolves economic and trade disputes by means of arbitration and conciliation (mediation). The CIETAC’s headquarters is located in Beijing with two sub-commissions in Shanghai and Shenzhen, respectively known as the CIETAC Shanghai Sub-Commission and the CIETAC South China Sub-Commission. In order to meet the needs of the development of the arbitration practices, the CIETAC also successively established 19 liaison offices in different regions and specific business sectors to provide parties with handy arbitration advice. After nearly 50 years of continuous endeavour, the CIETAC is now one of the busiest arbitration centres in the world. With its arbitration practices and academic activities, the CIETAC has also made great contributions to the legislation of the Chinese arbitration law and the development of the arbitration practice in China. Not only does CIETAC maintain positive relations and cooperation with all the major arbitration institutions throughout the world, it also upholds a respectable reputation at home and abroad for its independence, impartiality and efficiency. YCTP also include an introduction to CHINA – THE LAW; which although not exhaustive does direct readers to General Principals of the Civil Law of the People’s Republic of China, Model Arbitration Clause for Contracts with Chinese Companies, and The Ministry of Public Security of the P. R. China Information Network & Security, which deals more specifically with cyber-fraud, or cyber-crime. Additional links included are those for government run or sanctioned trade links and resources, such as: China Commodity Net (CCN), which is funded by the Chinese government. China Commodity Net (CCN) is one of MOFCOM’s Public Information Service (MPIS) projects. As an important part of China national public information service system for international trade and economic co-operation, CCN aims to enhance cooperation and trade between the Chinese and overseas enterprises. Other trade links include BizMatching – A government run and approved (Ministry of Commerce) trade portal, and China Market; this is a business portal recommended by the Chinese government. In all, Your China Trading Partner provide a fascinating, deeply informative, and educational collection of links, which will prove to be an extremely valuable resource for any company, large or small, or any individual wishing to trade securely and successfully with China.

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Originally posted 2009-08-13 04:15:54. Republished by Blog Post Promoter

Popularity: 12%

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