International trade

Is China still a copying center?

China is synonym of copying. If you want any product, the Chinese can copy the exact same product and deliver it to you faster, cheaper and sometimes more customized than the original one. But is it still only synonym with copies and cheap products? As other Asian countries emerge as the new cheap place to produce, Chinese labor costs become more expensive in comparison. Vietnam, Malaysia and Myanmar are gaining in popularity when looking for low costs. China still has a lot to offer thos...

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The Canton Fair: the 2016 Fall Edition

CANTON FAIR FALL EDITION 2016 Every year hundreds of trade fairs are held in the world; one of the biggest ones being the Canton Fair, held twice a year in the Chinese southern city of Guangzhou. This is the perfect place to get a first touch with Chinese fairs; you can find almost every industry there and suppliers visit from every part of the country. Here in SBE, we know it is not always easy to go to these fairs; flight tickets, time consumption, hotels, food, etc. But we also kno...

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2016 G20 Summit: Recap

Like every year the leaders of the exclusive group of the G20 have met to discuss important global affairs such as global warming, the economy or terrorism. This year the summit was held in the Chinese city of Hangzhou, in Zhejiang province. This is the first time the group meets in China and the second they meet in an Asian country (the other one being in South Korea in 2010). This year has been marked with the Chinese comments on global trade, the Brexit and the US presidential campaign. Th...

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Chinese Valentine’s Day – Qixi Festival

The Qixi (七夕節) is a Chinese Festival that falls on 7th day of the 7th month on the Chinese Calendar and for this reason also called "The Double Seventh Festival". This Festival is at all effects considered as the Chinese Valentine's Day, making it one of the most romantic among traditional Chinese Festivals.   Already feeling pressure to drop cash on another romantic holiday so soon after the last one?   Here some insights of this Festivity mystical origins! ...

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The importance of third party companies

In this day and age, it is very common to import products from other countries and then sell them locally. It reduces costs and it allows you to access to a wider range of products and designs. This is good for your business, as customers will appreciate your new products and everybody likes saving some money. You want your goods to be shipped on time and once you have them, you want to send them fast to the stores so customers can start buying them immediately. But, what would happe...

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Mexico – China Trade

After years being the factory of the world, China has started to go outside and invest in other countries, visiting them and above all creating new trade partnerships and friendships. One of the areas where China has focused the most in recent years has been Latin America, with Mexico being one of the biggest trade partners of the Asian giant. The trade relations between the countries have grown by more than 270% since the 2000s. But, the trade balance between the two countries is in favor of...

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The Canton Fair 2016 Spring Edition in numbers

The Canton Fair finished last week. After three intense weeks of negotiations, business deals and supplier sourcing the fair says goodbye until next October. Official numbers say the fair has generated export orders worth 28 USD billion, an increase of 0.1% compared to the previous year. The fair also saw an increase of buyers lead by US and Canada buyers, up 2.61% and 2.54% respectively. Also, buyers from the European Union and from emerging markets increased compared to last year. In total...

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STEEL PRODUCTION RESTRICTION

China is the world's biggest steel producer, accounting for around 822 million tonnes a year. There was a call from the US, Canada, the EU, Japan, Mexico, South Korea, Switzerland and Turkey to restraint the world's steel production. The call was raised due to the failure of international talks to find measures to tackle the industry crisis.   Selling Steel at a Loss In the past months, record production in China has led to criticism. Analyst saw it as a distortion for international ...

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THE STABILITY OF CHINESE YUAN

Canton Fair is starting today! Last 2 days ago, I wrote an article that I hope can help you, not to get a culture shock when arriving at China. Today... I'm writing an article about the update of Chinese Yuan, that is the most important thing for your purpose in coming to China.   Chinese Yuan has been a hot topic, since it was planned to add the IMF's reserved currency basket. But, this also makes us nervous as the news regarding Chinese Yuan always change and as we know, in the currenc...

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READY FOR CANTON FAIR?

First time coming to China? What to prepare when coming to China?   A lot of foreigners think that China is outdated, and I've crosschecked it with my friends! Funnily, though they are foreigners from different friend circles of mine, but the thing that they said was similar! They said that, "I've never thought that I would see tall buildings in China!"   Lujiazui, Shanghai   Welcome to China! A Spanish friend told me, "For me, first time I came to China the first thin...

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