The Chinese Market is very attractive for a number of industries. The market is just a bit behind the USA in the import of products from all over the world. In the year 2017, China imported goods of $1.8 trillion from various parts of the world. Out of the total imports, 13% of the goods, including ICs, are technology imports. The EU is the biggest trade partner of China. China is considered one of the world’s biggest economies, and its market is growing at a very fast pace.
Despite the growing economy, there are many hurdles that the importers have to face in the process of trading goods with China. There are various barriers that traders face in China, and they need a lot of preparation beforehand to have a successful trade journey. In this regard, IOR Service China can play a vital role in reducing trade challenges and helping importers understand compliance rules and regulations.
The following aspects of the Chinese Market should be considered when trading goods with the market.
Chinese Market & Global Production
China’s business environment is complex, and maintaining relationships with local Chinese companies can be challenging at times because of language barriers. It may require time for any business to establish credibility in the Chinese market and expand its network. Many industries are closed to foreign importers due to fierce competition between local companies such as Cisco and Huawei. Despite this, Chinese people are extremely entrepreneurial, civilized, and proud of their culture.
CCC Chinese Compulsory Certificate
A Chinese compulsory certificate is the primary safety certificate required in the Chinese Market in order to protect the consumers. The certificate is also necessary for the selling, use or manufacturing of the products in the Chinese market. This requirement started in the year 2002, and all of its rules were properly implemented in the market in 2003.
Chinese compulsory certificate is divided into four different categories by the Accreditation Administration of the People’s Republic of China.
Chinese Certification for Automotive parts: The accreditation is required for automotive part manufacturers or importers.
Chinese Safety Global Certification: The certification is required for the safety glass manufacturers and importers.
Chinese Certification for Electromagnetic Capability: The certificate is used for all electronic products irrespective of their use.
Chinese Certification for Security and Protection: The certification is for security products, road safety products and forensic technology products.
The products that can publish CCC marks on their products while shipment has to pass through a lengthy audit process. After the audit, the companies get permission to print this mark on their respective shipments. The time required for the operation is about 6 months and also includes an inspection of the factory. Each and every device is tested separately in the whole process.
Goods that do not have the CCC certification are not allowed to enter the Chinese borders. A photo of the certificate needs to be shown to the compliance department before the goods are shipped to the country. IOR Service China can significantly aid in acquiring CCC certificates for the importers and make the trade processes hassle-free. Being an Importer of Record services, we can assist your company in compliance and shipment issues. Our expertise will ease your business challenges and help you achieve custom clearance in China.
China versus the USA in the Business World
China and the US are engaged in a long-standing commercial struggle. The battle has a rich history. A significant effect of the Great War is being felt by the country’s export and import industries. In the Chinese market in 2019, the percentage of goods that were imported decreased by 8.5%. The upward trajectory of the global economy has significant implications. The IMF has lowered its prediction for world economic growth by 3.2% due to China’s sizeable market.
The implications of this trade war on the Chinese market continue to become progressively worse over time. Every trader who wants to conduct business in the Chinese market is greatly impacted by these conflicts. The laws regulating the Chinese market also shift in tandem with global political changes.
Role of IOR Service Provider In China
Any technological product manufactured in the USA that aims to enter the Chinese Market must pay an added 10% tax. The Chinese government is already taking 17% tax from the traders, and an added 10% tax makes importing goods highly expensive.
How One Union Solutions Can Help You Import In China
One Union Solutions has extensive experience working with IT companies and helping them import their products to various economies in the world. As an IOR Service provider in China, the company can ensure that your products will reach the booming Chinese market without any trouble.
Looking for an IOR Solution for China? Contact our IOR Specialist now.
