According to research, the wealthiest government to date is the People’s Republic of China. They have an approximately $2,454,300,000,000 worth of national reserve. Yes, that is an enormous amount and this is the exact value of China to date.
As the communist government revolutionized the economic climate, China managed to grow and take the lead in Global economy in today’s era. Japan, which used to be tailed by China, has now been overtaken and falls to 2nd place after China. Now is the right time to start your own importing business with the wealthiest country in the world.
Competitive Investment Cost
China is able to provide a very competitive price because of the low currency exchange rate of Renminbi (RMB) and in turn, makes labor cost cheaper in the country. If you want to gain pace in your market and lead the competition, then the best option would be to import products from China. Suppliers in China have a reasonably fast turnaround time. Shipments of products are done 24/7 and because of this, their clients’ or counterpart’s businesses do not suffer from any shipment delays, which hinders the (ROI) Return of Investments at the forecasted time.
Furthermore, China’s suppliers’ operation reaches out worldwide, thanks to the evolution of information technology which made communication inexpensive, fast and boundless. That is why many businesses from other countries today can easily import China products without having to spend for plane tickets every time they need to place an order or purchase something. Indeed, all transactions can be done with just a few clicks on the net.
Needless to say, doing business with China definitely is the most competitive investment cost an entrepreneur could ever commit to.
Persistent Business Attitude
If there is one thing that Chinese people are best known for, that would be their diligence when it comes to venturing in business. Hence, wherever they go, they will succeed in this aspect. They have always been known for being hard-working and resourceful individuals.
That is why when you are importing goods from Chinese suppliers, the turnaround time will be short and the products that you have imported will be shipped to you with as little delays as possible. Your product will be delivered to you once the production is done and you will be assured that the suppliers will live up to your expectations.
Besides, it is not in their culture to be unproductive. In fact, Chinese families always inculcate the value of hard work to the younger generation as well as their business mentality has been passed on from generation to generation.
Competitive Labor Market
The Chinese population work like ants: they work all day long, nonstop just to make sure that they have enough supply of food in winter. Majority of the manufacturing industry in China works nonstop for 24 hours, 7 days a week. Their operation is round the clock and their manpower works on shifting schedules. This is probably among the reasons why businesses around the world like to work hand in hand with them. They are very dedicated to delivering what is asked from them without “ifs” and “buts”.
If you are looking into exploring the Chinese market and would like to import products from China, you can start with us and we can walk you through the entire process.