Blog
Latest news, our services, tips and insights on doing business with China
In November 2020, we witnessed the beginning of an increase in the price of container transport.
Today those prices are ten times higher!
Was it the beginning of the end for cheap goods from China?
Is there any sign of the situation calming down, or will this become the new normal?
Dozens of cargo ships grounded off the California coast illustrate the shipping disruptions that have become a feature of recovering economies, fueling inflation, slowing growth and challenging the global economic model that has ruled for three decades. According to the data coming to us from America, there is no chance that things will return to normal in the near future.
For the needs of a client from Serbia, we visited a workshop from Shenzhen with which we have a long-term cooperation in the procurement of used antminers and used ASIC machines.
Within the workshop, there is also a department where buyers or agents can check the correctness of the goods themselves before buying, and that is why we visited this shop.
Since we are regular customers of their ASIC machines, they allowed us to photograph and record parts of the factory and show them to you. We want to show you what the inside of a factory looks like, where old machines for mining bitcoin, ethereum and other virtual currencies are repaired.
Recently, economies around the world have started to recover from the consequences of the pandemic, but nothing is still the same.
Here we are primarily referring to disruptions in shipping and air traffic, lack of flights and restrictions on international travel due to tests and quarantines depending on the country.
All of this led to a lower flow of people and goods.
And if the country is as big as China and if it is rigorous in the implementation of measures, then movement within the country itself is complicated. /p>
Until 01.07.2021. shipments of low value, i.e. value less than 22 Euros, were exempted from paying VAT.
From July 1, all commercial shipments arriving in Croatia, Slovenia or any other EU country that were sent outside the European Union will be taxed with value added tax, regardless of their value.
Small value shipments ordered online from China, Great Britain or the USA, i.e. from countries outside the EU, will have to pay VAT.
Value added tax in Croatia will be calculated at 25% and in Slovenia at 22%, regardless of whether the shipment was ordered before or after July 1 of this year.
It is not news if we say that China as a country is a global world factory of everything and anything. If you want to get quality products at a fairly cheap price made at your convenience and when it suits you, the best place to do that is China.
This country is geographically large, but it has a good business philosophy where the Government supports an open international business policy, so it is no wonder that they have a successful manufacturing and trade industry.
Year by year more and more people now consider China as the best place to source their products. Importers from all over the world come to China every day, even during the corona, to improve their business.
If you are a beginner, an inexperienced importer or even if you have been in this business for a long time, it would be good to learn something about Chinese cities and where things are produced. This article will help you to know Chinese cities, find a supplier from the right place according to the right type of product.
- How to Purchase CNC Machinery from China
- Solar panels from China
- Non-working public holidays in China for 2021
- China Shipping Costs in 2020: A Comprehensive Guide
- Experience the Global Marketplace: Your Guide to the Canton Fair
- Building Your Amazon Business with Chinese Manufacturers
- How to choose manufacturers in China?
- Buying from China - cheap, cheaper, cheapest
- Free delivery on products sourced from China
- Why Are Chinese Products Cheaper Than Indian Products
Your First Step is Free
β Free consultation and project assessment
β Response within 24 hours
β No obligations
Or check out our blog for more details on importing from China