Trade Safely | The Safely Sourcing China Blog - Part 2

Posts Tagged ‘trade safely’

Newer Entries »

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

Thursday, July 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#

Related articles by Zemanta
Reblog this post [with Zemanta]
Bookmark and Share

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

Popularity: 52%

Blog Traffic Exchange Some Related Websites
  • The Old Shell Game I like to watch street scammers in action. Actually, their victims are much more interesting. They're so gullible. So many think that they can come upon a seasoned professional con man and beat him (or her) by merely paying attention. The set-up varies, but the basics are the same. A......
  • Richard Petty Sports Memorabilia -> Autographs-Original -> Racing-Nascar Richard Petty is a NASCAR driving legend. Known as “The King,” he was one of the most fan-friendly sports figures in the history of racing or any sport, always willing to sign autographs and engage with the fans for as long as they remained......
  • Greenwashing Earth Day - Advertisers, We Are Not That Dumb Anymore. After writing about what I thought would be a proper way to celebrate Earth Day this year and every year, I started really paying attention to all the ads and press releases I had been getting this past week about "being green" in honor of Earth Day 2008. Seems advertisers......
  • Blogging for Business By Shel Holz and Ted Demopoulos When looking for a book on corporate blogging, it is always helpful to find one that is written by two of the most respected authorities on the subject. Holz and Demopoulos are internet superstars in their own regard and quite honestly, you couldn’t ask for two better people to get......
  • Easy Ways To Get Your Web Site Noticed By Search Engines. Almost everyone knows that when a person wants to know something on the Internet they turn to search engines like MSN, and Google to find what they are looking for. This makes it very important for web site owners to know how to get their web sites ranked well on......

Tags: , , , , , , , , , , , , , , , , , ,
Posted in General Information, Scams And Scammers | No Comments »

SafelySourcingChina.Com Is Launched

Thursday, July 8th, 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.

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

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

Popularity: 8%

Blog Traffic Exchange Some Related Websites
  • Ideas for Blogging Content Pt 2 Business blogging is rife with benefits for anyone who is able to utilize it properly, as it adds a significant amount of value to a company's web presence, increasing search engine visibility and encouraging excellent and meaningful interaction from readers, driving an increase of traffic to your website in the......
  • How to Enable Full Feeds in Wordpress and Feedburner Do you want to show full feeds to your readers but you can't since something is wrong somewhere and you don't know what and how to fix it? How do you enable full feeds in Wordpress and Feedburner without cracking your head open? Fret not! I encountered the same problem......
  • Off for the Day - Health Blogs That I Read Today is Saturday and I am taking the day off. No working out, not blogging. Just chilling, watching college football, and possibly playing some Monopoly. But before I do that I wanted to list some other health related blogs (and some not) that I am subscribed to via RSS. I......
  • Money Hacks Carnival #64 - As American As Apple Pie Welcome to the 64th edition of the Money Hacks Carnival!  Thanks for stopping by! If you would like the chance of winning a $10 gift card to Global Giving, please follow the directions at that link. I am real excited to give one out, and hope you are excited about the possibility of......
  • Easy Ways to Increase Organic Visitors to Your Corporate Blog In many people’s opinion, organic traffic is the best. It’s free, it’s targeted and nine times out of ten, you’ll get a much better response, whether it’s for a company promotion, getting readers to your blog and building up solid relationships. Let’s take a look at just a few easy......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Being In Beijing, Company News | No Comments »

A Comprehensive Source of China Links

Wednesday, July 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.

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

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

Popularity: 13%

Blog Traffic Exchange Some Related Websites
  • Forex Trading Systems – Its Characteristics Discussed Forex Megadroid – Its Features and Characteristics Discussed Let us start by defining what Forex Megadroid means. The Forex Megadroid is the name of a Forex trading system that was launched in March 2009. Albert Perrie and John Grace are the people behind this new automated software system. It needs......
  • Top Best 100 Incredibly Useful & Free iPhone Apps [/caption] by Joshua Johnson The best part of the iTunes App Store is that you don’t need to spend a single cent to fill your iPhone with amazing applications. There are tons of developers dishing out quality free applications daily. So in honor of cheapskates everywhere, this article features 100......
  • A little Chinese trivia from AWAD From: Moses Liang (yettie 163.com) Re: A.Word.A.Day--calvous Here in China, every second day of the second month of the Chinese Lunar Year (falls today [March 20]this year, the year of the Golden Pig), in most parts of northern China, people will cut their hair. In Chinese folklore, this particular day,......
  • Corporate Blogging Link Building Strategies An important part of promoting your corporate blog is making sure that you have plenty of good inbound links coming into your site. This can help increase your overall popularity, as well as how search engines rank your site. While there are some methods of building links that promise the......
  • A Honest Review Of Binary Trading To Win Money Online With EZTrader Introduction To Binary Options Trading Even Though they have been available in other markets for some time, the United States has now just caught up and introduced binary options to the traders’ portfolio of financial tools. Binary options, or fixed return options as they are known on the American Stock......

Tags: , , , , , , , , , , , , , , , , , , , , ,
Posted in Company News, General Information | 1 Comment »

China – The New Electronic Goods Workshop Of The World

Tuesday, July 6th, 2010

China has rapidly become known as the world’s largest manufacturer of consumer electronics. Currently China produces more MP3 and 4 players, digital video cameras, digital photographic cameras, DVD and other video players, a vast array of electronic gadgets, and an extremely wide array of other high tech products, than can be found being produced in any other country in the world today.

Indeed, it wouldn’t be going too far to call China the “New Workshop of the World”, a role once filled by the UK during the industrial revolution, and now being successfully filled by China in it’s modernisation and technological revolution.

To that end there should be a question on the lips of every business person operating in any field which necessitates the need to purchase and sell any of the above listed product types.

What is that question?

It is this: How can I successfully and safely source these products from China to benefit my business by lower costs, and simultaneously increasing my profits?

If you haven’t asked yourself this question, then you are seriously missing out on a great opportunity.

Never The Leader, Always The Follower

China currently produces products of which you are seriously unaware, and which others will lead into Western markets in the future, due in large part to their foresight, and your failure to participate in the search for new products for your market.

You, along with the vast majority of SMEs, will have the unenviable task of jumping on another bandwagon, and playing catch-up.

Get ahead of the competition, and stop riding on other peoples’ coat tails.

What has happened to the world of sales in the past 30 years?

Honestly, it’s like everybody simply waits for a new occurrence in the market, and then jumps on it, rides it till they’ve ridden it to death, and then sit on their hands and wait for the next trend to come along.

Wimps!

There seem to be very few gutsy people in sales today. However, those there are, those who start the trends, are the ones who profit most, whilst the rest of you come and pick and fight over the scraps.

Get a grip people!

Use your brain, and a sourcing agent, and find yourself the next hottest thing to hit the market, before it hits the market!

Product sourcing agents in China speak English, and very often are native English speakers who’ve been living and working in China for a number of years, such as myself, and we can help you find what you need. Having us look for you costs nothing. When you choose to order you’ll find the same standard of service you’re used to at home in Europe or the US.

But What About Shipping?

And? What about it? UPS and DHL can handle all the logistics of bringing your goods to your door. Open a company account with them, give the account number to your agent, your agent passes it on to the supplier, the supplier contacts the courier, the courier arrives and picks up the goods, and you pay the shipping costs.

Of course, if you’re ordering in volume, then we can assist you in finding a suitable shipping company (air or sea) to handle your goods for you.

That’s it. Done and dusted!

What about MOQs?

What about them? Yes, there is often a minimum order quantity, but many companies have brought down their MOQs to levels that are very acceptable for SMEs; particularly in the fields of electronic goods – many as low as 20 pieces or even less.

What About Payment?

Well, I certainly don’t advocate the use of PayPal or Western Union, as these are the tools of the devil (scammers).

No, you can use a Letter of Credit (L/C), or a TT; the former will be agreed to by any good business of sound standing, whilst the latter may be used only after having the company visited, and having due diligence performed on them, to ensure that they’re actually who they say they are.

Of course, the obvious point is never to pay money into a personal account when dealing with a manufacturing business. That’s just silly.

As your relationship with your agent and suppliers develops, you can rest easy and know that you are in the hands of people whose business relies heavily on your goodwill and peace of mind.

Now, stop sitting on your hands like a baby, and get out there and source the market for something new and innovative, and which will allow you to start a trend, set a fashion, break a market, and lead the way to wider profits and renown for yourself and your company.

Trade Safely!

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 02:10:24. Republished by Blog Post Promoter

Popularity: 20%

Blog Traffic Exchange Some Related Websites
  • Job Online How you treat the additional profit in the world web system. The majority of people all over the world join the great deal of kinds of profit in the internet with the aim to make some money. There are people who use the money on – line with the reason......
  • Value of a Coin Collecting Book Collecting coins is simply a hobby or a passion for some people, but for other people it is truly a science. For at least the past century, people have been taking this hobby much more seriously and now there are a myriad of different coin collecting book options to choose......
  • Quality Web Design Orlando In today’s economy and business market, most business is either done completely online or at the very least, starts online.  Because so much business is done online, local Orlando business owners as well as large corporations are trying to find the best way to market their product or service......
  • 2009 World's biggest companies and fossil energy business Forbes releases the world's biggest companies list. It reveals 2000 companies that, says Forbers,  'will emerge on the other side of the trough far stronger when world economies snap back next year'. Current global crisis is not a hard way for them to keep grow, fund, and entering the......
  • Earning Full-Time Income From Internet Marketing! start making money business to make money The primary thing that you need to remember in beginning to make money online is that with internet marketing as your method, your business should not be about forcing people to purchase products from you or to harass them into availing your service.......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in General Information, OEM And ODM | No Comments »

Trading Safely With China

Sunday, July 4th, 2010

How To Trade Safely With China.

You want to trade with China, but you don’t feel safe. So what’s new? Trading with China can be a very profitable way to do business, particularly for the small business or entrepreneur.

Beware Of The Dragon In The Machine!

Beware Of The Dragon In The Machine!

However, the safety of your transaction, and the possibility that you may, sooner rather than later, be a victim of cyber-fraud should be something which worries you very much, as is evidenced by the rise of cyber-fraud between China and the west in recent years. This eventuality is evident all over the internet on BBs and trade-sites where people are lodging their impotent complaints of having lost to the cheats of China. There are, however, steps you can take to ensure the safety of your transactions, and to seriously mitigate your risk. The following information could help you save your investment, heartache, stress, and the personal shame and embarrassment – all of which will accompany such a loss. So, what does a Chinese scam look like? What form does it take? Well, before I go into this in any depth allow me to say that the majority of people out there attempting to trade with China seriously need to reconsider their approach in recognising or determining with whom they are dealing.

The Internet Is A Petrie Dish For Scammers!

The Internet Is A Petrie Dish For Scammers!

The one thing all of us should be aware of, is that the internet is infested with scammers in the same way that a homeless dog is infested with fleas; it’s an electronic Petri dish which breeds scammers on a vast and multitudinous scale. Indeed, it would not be short of the mark to say that the internet is the most dangerous place to perform business. Therefore, the first thing you need to understand is that the people who are going to scam you are very savvy and clever, running highly organised schemes of mass deception, which have been carefully designed and implemented to trick and mislead you. These people are professionals at what they do. And their systems become more highly tuned with every successful scam, as they learn from their experience as they go along. Over the years I’ve read a lot of hard-luck stories written by victims and posted broadly across the internet. Sadly the majority of them leave me with a “Huh?” of disbelief at their naiveté. Here’s what the scammer knows:

  1. There is always someone wanting products cheaply; even more so in the current financial climate.
  2. “If you build it, he will come” If they build a website offering incredible prices, then people will visit.
  3. If you like the incredible price you will email.
  4. S/he knows that a little polite conversation on MSN will further reel you in.
  5. They know and understand that the medium in which these frauds and deceptions take place is called the World Wide Web; and just like a real spider’s web, the spider (the scammer) patiently lies in wait for the flies (which is you).
  6. S/he knows that the law of averages is on their side, and not on yours.
  7. They know that they live in a hugely populous nation laden with heavy bureaucracy, and that chasing them up will be almost impossible for you.
  8. They know that it is easy for them to disappear, and setup the same web of deceit again elsewhere.
  9. They know and understand desperation.
  10. Lastly, they know that you want something for nothing (or at least at a ridiculously cheap price) – and so they give you nothing for something.

All of the above gives them a massive sense of self-confidence, and which in itself, provides them with more backbone than you could imagine. Here’s what you know:

  1. Wow! This is an incredible deal, I was really lucky to find this.
  2. I can’t believe my luck.
  3. You feel a little nervous about the deal, but you just have to take the risk, and so you convince yourself that it’ll be O.K.
  4. You send the money, and then s/he stops communicating with you, or they begin to prevaricate, or even say they need extra money for your goods to clear Chinese customs.
  5. You received a tracking number that doesn’t work.
  6. You can’t believe what a complete and utter idiot you have been.
  7. You think, “How did I not see this coming?”
  8. You realise you did see it coming, but decided to ignore your own instinct because you thought that if it is real you will have found a great supplier at a great price.
  9. You’ve lost your money!
  10. You suffer a huge amount of personal pain, grief, humiliation, a deep sense of shame, and a sensation akin to having been raped.

You can save yourself a lot of heartache, misery, embarrassment, and personal shame by performing necessary Due Diligence before transferring any monies. Otherwise, you may just find you’ve given away a lot of money, with little effort, to a stranger you’ll never trace on your own.

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 04:32:23. Republished by Blog Post Promoter

Popularity: 13%

Blog Traffic Exchange Some Related Websites
  • Internet Income Opportunity With 8 Income Streams? One day while surfing twitter, I saw a tweet to earn $125 in 24 hours. This tweet caught my attention as well as my skepticism. I was like, WOW, earn $125 in 24 hours. That would be cool. What a great internet business income opportunity. While my other self, was......
  • free internet marketing business plan software The Top 20 SEO Internet Marketing Business Weapons For Extreme ResultsThe constantly changing and maturing playing field of search engine optimization (SEO) and internet marketing can be quite confusing to business owners. With all the overload and hype of information on the world wide web, it can be a......
  • How To Stop Losing Money On Forex Is there someone who is ready to give all the money for nothing? I guess no. Than why there are so many forex traders who lose great sums of money and do nothing in order to increase the chances for the victory? Why there are such a great deal of......
  • Unique Ways To Make Money Online Make Life So Much Easier As you attempt to make money online coming up with unique ways to do so can make your life much easier. Although there will always competition on the Internet, finding ways to make money that are less competitive is not as hard as it may sound. 1. Writing blog articles......
  • Foreign Exchange Market - What's So Special About It? What is so special about forex market? I suppose there are millions of people all over the world who cannot answer this question. That is why, it needs explanation. First of all it is the only market in the world that is open 24 hours a day 5 days a......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in General Information, Scams And Scammers | 2 Comments »

What Can Happen If You Lose On A Deal In China?

Saturday, July 3rd, 2010

What Can You Expect To Pay For CIETAC To Arbitrate For You, Should You Lose On A Deal In China?.

So, you lost out, and were skinned and scammed by a company in China, and now you want to go to arbitration to get back what you’ve lost, as well as getting some justice from the “evil doers“, as Mr. Bush might say. So, what’s it going to cost you? Well, the following is the CIETAC fee schedule for their arbitration services, which I’ve converted, as near as possible, to the corresponding USD values. Now, remember, when you choose to go into arbitration you agree to abide by the arbitral outcome. That is to say, that should the judgement go against you then all of the following monies tabulated below, will be lost to you on-top of your actual current losses. And don’t go confusing Western Jurisprudence with that of China; it may very well go against you. Remember, this is another risk. As clearly stated beyond the main table, there may be further “…arbitration fee(s) according to this Arbitration Fee Schedule, the CIETAC or its Sub-commission may collect other extra, reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules.” Meaning, that whatever you’re charged in the initial schedule may also include further fees levied to your account to the value of 1,500 USD per additional charge, per additional “…reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules.” Of course, even should you win, the defendant may still hold you up by delaying payment for a variety of reasons, and causing you to resort to CIETAC again, at further expense, which you will then have to get CIETAC to levy back against the defendant. Or, of course, they may just shut up shop and disappear. This kind of tactic wouldn’t necessarily be unusual. Now, let’s just take a look at a bare-bones example, without the extra fees, and see what we’re talking about here. We’ll take the lowest level in the schedule as an example, and this is just waving the stick a little, to get an idea of how things could go. So, you lost $150,000 to a company somewhere in some province, in China. You go to CIETAC, and before anything happens (and at this point I think it only fitting to mention that there is about a 9 month backlog with CIETAC) you are charged a fee of $5,250, plus the $1,500 registration fee, which is charged at all levels. Therefore, you’re current total is now $6,750, and you’ve just finished the registration process alone. Then there will be charges for phone calls, letters, and transport costs for an examiner to visit the defendant or their place of business, hotel costs, living cost etc. So, let’s just consider transport, living, interview, and visitation costs. Let’s just call that another $3,000, and remain in the conservative area of things. That would bring you up to around the $9,750 mark. Then there’ll be the weeks and months of back and forth, hither and thither, as nothing in this vein happens either quickly or directly in China. In the meantime, you may see your charges rise by another $3,000, before you even get close to an arbitral decision; and by which time you will have shelled out, on top of your $150,000 loss, another $12,750, and you’ll be sweating and hoping it all goes your way, or else you’ve lost your initial loss of $150,000 plus another $12,750. So, are you shaking in your boots? Quivering with anger and frustration? You should be! Before I present you with the CIETAC arbitration fee schedule, allow me to tell you that there’s another way around this, and that is – PREVENTION.

Your China Trading Partner

Your China Trading Partner

Very simply, you can contact us at Your China Trading Partner, and we’ll make a factory visit, do your Due Diligence, and arrange for your goods to be checked before leaving port. For us to go visit the factory, and to have your goods checked at port before shipping, will cost you approximately another $850 to $1,000 on top of your costs; whilst of course, on our factory visit we’ll get your supplier to agree to the insertion of the CIETAC Arbitration Clause in your joint contract, and which states: “Any dispute arising from or in connection with this Contract shall be submitted to China International Economic and Trade Arbitration Commission for arbitration which shall be conducted in accordance with the Commission’s arbitration rules in effect at the time of applying for arbitration. The arbitral award is final and binding upon both parties.” And thereby, offer you a little extra protection; additionally, of course, you can include in the terms of your L/C, that monies will not be released until goods have passed random quality checking, at their exit port prior to shipping. Now, here’s a final question for you, before I introduce you to that fee schedule. Doesn’t it make a lot more sense to spend another $850 to $1,000 on top of your costs, as insurance against the nightmare of losing your investment, and then having to go to arbitration with CIETAC? I’m a little tired of hearing about all these losses, when I know that even if they can’t be completely dissolved, they can, at the very least, be seriously mitigated. But, we live in a cost-cutting global mentality, and have done since the Thatcher and Reagan years; and people are silly enough to even cut costs on their insurance and investment security. This is precisely the kind of mentality that makes dollars for the scammers, and no cents to me? Does it make cents to you? Get the pun? Now Here’s That Fee Schedule for you.

China International Economic and Trade Arbitration Commission

ARBITRATION FEE SCHEDULE (This fee schedule applies to the arbitration cases accepted under Item 1 and 2 of Article 3 of the Arbitration Rules, and becomes effective on May 1, 2005)

Amount of Claim (USD). Amount of Fee (USD).
150,000 USD or less. 3.5% of the Claimed Amount, minimum 1,500 USD.
150,000 USD to 750,000 USD. 5,000 USD plus 2.5% of the amount above 150,000 USD.
750,000 USD to 1,500,000 USD. 19,750 USD plus 1.5% of the amount above 750,000 USD.
1,500,00 USD to 7,500,000 USD. 30,700 USD plus 1% of the amount above 1,500,000 USD.
7,500,000 USD or more. 90,000 USD plus 0.5% of the amount above 7,500,000 USD.

Each case, when being accepted, shall be charged an additional amount of $1,500 as a Registration Fee which includes the expenses for examining the application for arbitration, initiating the arbitration proceedings, computerizing management and filing the documents. Where the amount of the claim is not ascertained at the time when application for arbitration is handed in, or there exists special circumstances, the amount of arbitration fee shall be determined by the secretariat of the CIETAC or its Sub-Commission. Apart from charging arbitration fee according to this Arbitration Fee Schedule, the CIETAC or its Sub-commission may collect other extra, reasonable and actual expenses pursuant to the relevant provisions of the Arbitration Rules. Safe Trading!

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 05:48:30. Republished by Blog Post Promoter

Popularity: 19%

Blog Traffic Exchange Some Related Websites
  • New Loan Funded — Finance for an ESTABLISHED Business — $25,000 at 24% — B Credit — DTI 1392557% A new loan funded (Finance for an ESTABLISHED Business – $25,000 at 24%).  I participated via a manual bid the loan was Autofunding.  The borrower had B credit and a 1392557% DTI (unverifiable income).  As a reminder my standing orders (and manual bids) only find loans with 0 current delinquencies, 10 or less delinquencies......
  • Phoenix Lake Golf Course, Sonora, CA Phoenix Lake Golf Course is located in Sonora, CAPhone: 209-532-0111 Website: http://www.phoenixlakegolf.com Course History: This is a great little nine hole course that opened in 1968. It was designed by Bert Stamps and became an instant local favorite. The incredibly scenic course is perfect for a little getaway and......
  • Macau Casino News for April 2008 Bridge funding finalised After 25 years, approval has finally been given to a bridge linking Macau, Hong Kong and Zhuhai. In a recent agreement, the three governments agreed on financing for any shortfalls between construction costs and investment by the private developer who will build the bridge and have a......
  • New Years Resolution Three: Double Blogging Goals This is the third and final article in a 3-part series on my New Year's resolutions 2009.  Be sure to check out my first and second resolutions. Happy New Year!  I hope you had an enjoyable New Year's Eve celebration with family and friends, and are ready to turn the......
  • The Most Unusual 40 World Facts [/caption] The Most Unusual 40 World Facts 1. California has issued at least 6 drivers licenses to people named Jesus Christ. 2. Kangaroos can not walk backwards. 3. 'Jedi' is an official religion, with over 70,000 followers, in Australia. 4. According to a recent survey, more than half of British......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in General Information, OEM And ODM | No Comments »

Quick Checklist – How To Spot A Scam

Friday, July 2nd, 2010

Quick Checklist For How To Spot A Chinese Scam Site.

The following six red rags are simply a list of indicators, which in isolated terms, may or may not mean anything; however, when found all together, should ring some alarm bells. As with anything in business or life, the whole is greater than the sum of its’ parts.

1. The Site.

The website has an absence of any Chinese version for its’ own pages.

This means they’re targeting only one group of prospects – foreigners.

That is to say, people who will not stand a hope in hell’s chance of chasing them up after the bolt is shot.

In my experience, companies in China that have Chinese and English versions of their pages are usually genuine, as they’re making themselves accessible to the home market too; particularly for companies dealing in electronics, phones, and computers.

An absence of such, may, but not always, indicate a potential scam site.

O.K. our website only has English, but we deal with requests from foreigners, and we seek-out suppliers. Suppliers seldom seek us out; although, we occasionally have a Chinese company approach us with an offer and  an introduction.

2. Contact Information.

All the email addresses are ‘Hotmail‘ or ‘Yahoo‘; there is a distinct absence of a company email address.

This in and of itself doesn’t carry too much weight, as many genuine Chinese companies operate with private email addresses.

However, it is a common enough marker amongst the scammers.

You can also try running a quick check on the company’s name and address, via the online English language page of the Yellow Pages for China, found at: www.yp.net.cn/english/.

If they have no listing, then there’s a good chance they aren’t a genuine company; either that, or they’re a SOHO (Small Office Home Office), and use their home as an office, as they usually never come face-to-face with clients, and have no need of an office as such.

However, this wouldn’t usually be the case for a technology company, as they’d normally have to have an official office, and storage facilities out of mere necessity.

3. Company Registration Number.

Of course, as a legally registered business entity, they’d need to have a business registration number.

When once you have that number, you can go to the following Ministry of Commerce (MOFCOM) page, for contact details of the Local Administrations office, and try to get the data for the government business registration office in the city, and the province where they claim to be registered. You can then email, fax, or phone requesting to know if this number matches a genuine business.

MOFCOM Local Administration Contact Page: http://english.mofcom.gov.cn/aarticle/topic/chinainvest/localguide/200702/20070204378447.html.

Sadly however, the Ministry’s own website is very poorly put together, as you yourself will note upon visiting it, and a search for the contact data for the appropriate office may not actually work; neither does the page display correctly. I have informed the Ministry of this fault, as have others, but to no avail.

This is something I’m in the process of changing by putting together my own listing, and which I shall make available to registered users of Safely Sourcing China, and collated on a provincial, and city level.

The inaction of the Ministry to properly display this data, and its’ accompanying suspicion which is cast upon the Ministry itself, seems to have escaped them.

4. Unbeatable Offer.

This one is a complete no-brainer; if the price seems to good to be true – then it’s a scam.

5. Payment.

Ask if the company will accept an L/C (Letter of Credit); if they only take Western Union, PayPal, and the likes, then they’re more than likely a scammer.

6. IP Check.

Run an IP address check on the company and see how many other web addresses they have registered to them.

Personally I’ve come across guys with upwards of 2 or 3 hundred websites connected to them as the registrant.

Go here and type the web address, MINUS the WWW bit, into the box: whois.domaintools.com/.

This last one is a definite NO-NO. If you see they’re registered to a cartload of websites, just turn your back, shake the dust from your sandals, and leave.

And that’s about it for your basic checks; more to come in the future.

Trade Safely!

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 01:20:19. Republished by Blog Post Promoter

Popularity: 20%

Blog Traffic Exchange Some Related Websites
  • MonaVie Sends a Second Cease & Desist On Friday afternoon, MonaVie sent Corey Whitlaw an "official-ish" Cease and Desist Order (CDO) to my Lazy Man and Money e-mail address on the basis of his use of their trademark in my metatag keywords. I had an idea that the CDO might be coming. MonaVie had publicly tipped their......
  • Fun Facts about New Year's "Auld Lang Syne" was written by Robert Burns in 1741 and literally means "old long since," or "days gone by." This song is traditionally sung in many countries at midnight, January 1st, signaling the beginning of the New Year. "Syne" is pronounced like the word "sign," not "zyne." Some cultures......
  • Reverse Email Search? When I do a reverse email search for my email address it gives me an IP Address. My question is: when I search for nearly every one of my contacts in my address book, it gives me the same IP Address for all of them. There were only a few......
  • The Easy Hassle Free Way To Invest In Real Estate If you're like most people, you want to invest in real estate only there are some obstacles you need to overcome, like1. You've never done it before & you don't know how2. You know how to do it but your credit sucks or you're tapped out from too many loans......
  • What To Write About on Your Corporate Blog Sometimes when you start a corporate blog you can feel as though you’re going to have plenty to talk about, but after a few weeks – this may change dramatically. If you’re getting a little stuck and there isn’t much news to talk about on your blog, you’re going to......

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Scams And Scammers | No Comments »

Safely Sourcing China Open New Business Directory

Thursday, July 1st, 2010

Join The Safely Sourcing China Business Directory.

The Safely Sourcing China Business Directory

The Safely Sourcing China Business Directory

The Safely Sourcing China blog has opened a new service, and which is designed to assist those companies in the West wishing to trade with China, and those companies in China wishing to trade with the West, with a forum for coming together to assist and meet each others’ business needs and requirements.

Since membership is free, it costs you and your business nothing, except a minute of your time to complete the data input, to have your admission reviewed and included in the Safely Sourcing China Business Directory, providing you  and prospective clients with a link  back to your company website, email address, and telephone number .

The basic idea behind the Safely Sourcing China Business Directory is to bring entrepreneurs, and small, medium, and large businesses, with a specific interest in China Trade and Sourcing, a means of advertising themselves, and their services for free, in contrast to the many paid inclusion services available on the internet today.

Moreover, it also provides those companies who register in the Safely Sourcing China Business Directory the opportunity to generate a healthy, non-black-hat, back-link to their respective business or corporate websites, and which will assist them in raising their web presence, and consequently their Google page ranking.

The Safely Sourcing China Business Directory is not a free for all, and will be moderated; therefore, if you have the idea of spamming the directory with your inapplicable or non-relevant data and links, your IP will simply be blocked from further access to the blog, and your listing request deleted without ever being posted in the first instance.

That being said, we look forward to the many genuine Chinese and foreign companies wishing to post their details with us in the spirit of co-operation.

Links:

Registration Page.

Directory Page.

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 01:50:05. Republished by Blog Post Promoter

Popularity: 9%

Blog Traffic Exchange Some Related Websites
  • address city state audio directory search answers [affmage source="chitika" results="0"][/affmage] [mage lang="" source="flickr"]address city state audio directory search answers[/mage] Business Directory Software - Sell Services On the InternetWe often receive emails from professionals in different areas such as real estate agents, dentists, accountants, lawyers, etc.. Those who want to know how they can use an effective business......
  • Improve Corporate Communication with Blogging In this day and age, the hottest media and the hottest method for communicating with customers, employees, business partners and competitors are through corporate blogging. If you create a corporate blog for your business, and you follow some basic strategies for improving communication through this popular online media, you will......
  • Should We Bail Out Freddie and Fannie or Let them Fry? There's a great debate going on in the various offices in Washington lately.  If Fannie Mae and Freddie Mac go down, should we bail them out?  You know me, I'm not one for opinions but I might include my two and a half cents.  Read on and see that......
  • Tips For Advertising on the Google Local Business Center Any store owner or service provider doing business on a local level will want to advertise his business in the Google Local Business Directory, fondly called the Google Maps. This amazing directory automatically appears, whenever a web surfer initiates a search that includes a product name and a locale. Google......
  • SEO - Search Engine Optimization Software Search engine optimization is the practice that website publishers engage in to increase their popularity in the search engine results for their chosen niche. Search engine optimization users hope to gain higher priority for their chosen search terms in the major search engines such as Google, Yahoo! and MSN Live.......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Being In Beijing, Company News, General Information, OEM And ODM | No Comments »

Games Consoles, XBOX, iPhone Products From China

Tuesday, June 29th, 2010

China – Games Consoles And The Scam

More than a few people have discussed XBOX and Games Consoles, and I’ve often been asked about sourcing them.

I’d like to make specific mention of this issue briefly here.

The Parallel or Grey Importing of Goods.

Scammers Love You, Because You Love This!

Scammers Love You, Because You Love This!

I’ll talk about parallel or grey importing using computers as an example first, and then follow on to briefly discuss games consoles and Xboxes.

Brand name electrical goods and computers CAN be found here in China.

However, when you start trying to take them from China (or anywhere else) into other countries, then you fall into an area known as parallel or grey importing. Many companies are now really cracking down on this, particularly SONY™ for instance, in co-operation with the EU, there has a been a dramatic increase in seizures of goods at ports.

Scammers Love Your Money - And You Love To Give It To Them!

Scammers Love Your Money - And You Love To Give It To Them!

The parallel or grey market is the trade of something legal through unofficial, unauthorized, and usually unintended distribution channels.

For example: To export anything made by Dell™ in China, to the US, would be considered by Dell™ US to be poaching on their territory.

Sometimes the practice of parallel or grey importing is illegal, but not always so.

Many of the parties concerned with the parallel or grey importing of a good are usually the authorized agents or importers, or other retailers of an item in the target market. More often than not this is the national subsidiary of the manufacturer, or one of its related companies. In response to the ensuing damage to both their profits and their reputation, many manufacturers, and their official distribution chains will very often seek to restrict the parallel or grey market.

Such responses can breach competition law, particularly within the European Union.

Competition law, in the United States is known as antitrust law.

Refusal to Honour Warranties

Manufacturers have the right to refuse to honour the warranty of an item purchased from parallel or grey market sources, on the grounds that the higher price you should have paid on the non-grey market reflects a higher level of expected service.

To The Scammer, 'You' Are The 'Apple' of Their Eyes!

To The Scammer, 'You' Are The 'Apple' of Their Eyes!

Additionally, companies may provide the warranty service only from the manufacturer’s subsidiary only from within the intended country of import, and not in the diverted third country to where the parallel or grey goods are ultimately sold by the unauthorised distributor or retailer.

Are you prepared to make money at any cost?

Are you the kind of person who’d sell grey or parallel goods to someone, irrespective of the effective lack of any genuine warranty on those goods?

Do you not care about the end user, your client, and your own reputation?

Because, if your answer is ‘yes‘ to the first two questions, and ‘no‘ to the third one, then I really don’t see much difference between you and the scammers.

In my opinion, if you’re buying grey or parallel, then you’re obviously a bit shady yourself.

The response by scammers to the grey market is particularly evident in the electronic goods market, where I hear people crying loudly at having been ripped and burned regularly!

Have You Got Money To Burn?

Have You Got Money To Burn?

Yes, it seems to be the people endeavouring to buy games and game consoles, along with iPhones etc., who are the one’s who get burned most frequently by the scammers.

Just by virtue of wanting these goods grey or parallel, you put yourself at the scammers table, and if you’re unlucky (which you most probably will be) you’ll find yourself on a scammers dinner plate too.

If that’s you, or you’re thinking about entering this line of business, then I suggest you find another product line to trade in, one that you can get direct from a good OEM/ODM in China.

Remember, the scammers love those who love to buy grey!

Related Articles
Reblog this post [with Zemanta]
Bookmark and Share

Originally posted 2009-08-13 05:31:50. Republished by Blog Post Promoter

Popularity: 19%

Blog Traffic Exchange Some Related Websites
  • Some Ways To Making Money On The Internet Most people explore and seek, not make money with creative skills are These systems are not rather understanding the options that are the best ones? More money than others. You will have made And finally if you don't want to recognize that pays well and the same before you......
  • Sunday Money Roundup - Stocks and Things Welcome to this week's edition of the SMR. Browse by category for your weekend reading material. What other categories would you like to see here? Let me know - leave a comment! College | Home: Kirberts says you can be in the school you want with affordable student loans. School......
  • China Stocks Rallied Tuesday On Optimism China's Government May Relax Policy Tightening Measures The International Strategy & Investment Group announced that China will relax policies that were aimed at curbing its housing industry. China will "back away" from its tightening policies in the housing market within three months as the economy faces a bigger risk from a slowdown than inflation, according to Donald......
  • Finovate Startup 2009 Live Twitter I am attending Finovate Startup 2009. It is an action packed 1 day format which I belive will lend itself perfectly to a live twitter. Stay tuned it should be an amazing day. http://twitter.com/BlogTrafficExch In the break I have scheduled some talks with SimplFi, Mint, and Calendar Budget. I am......
  • Currency Scams - Basic Issues Forex is a potentially lucrative business and as in many business types there are many scams in the market. There are many possible scenarios where nobody pays and collects money, cheat and only makes empty promises, and then suddenly disappears with their program. In addition, many scam artists return later......

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Scams And Scammers | No Comments »

Newer Entries »
Improve the web with Nofollow Reciprocity.

© 2009-2010 Safely Sourcing China All Rights Reserved -- Copyright notice by Blog Copyright

SEO Powered by Platinum SEO from Techblissonline