Do you run or plan to start importing from China but do not know whether your Chinese business partner is a legally registered company? This is a common problem when doing business with Chinese companies, especially when you do it through the Internet and use B2B portals like Alibaba.com. The question seems peculiar, but still not enough people ask themselves about it. Surely it would possibly avoid a lot of scams if the importer had access to this apparently trivial information about a supplier from China.
So how can you check if a Chinese company exists? Or how can you know about china trade credit?
It is worth to be sure that the company has a legal registration in China.
Entrepreneurs frequently ask for the company’s references, certificates, or financial statements, and at the beginning, it is good to start by checking if you are dealing with a legally registered company or with a cheater. The problem is that the importer believes that if a company has a website or an account on a B2B website, then certainly it exists and runs a legal business. Unfortunately, scammers frequently create invented names to give themselves credibility. It works. If you see that, on the website or in the e-mail signature, a name with the appendage “Co., Ltd.,” you assume that this Chinese company must be legally registered. This blind assumption can cost your company a lot of money. And unfortunately often you cannot do much about it.
The company was registered but the registration has expired.
Another common case is that the business license has expired. Sometimes it turns out that the company had a business license, but it was not renewed. Sometimes scammers use the license of another company that is no longer registered. You should not only check whether the company has a license but also whether it is valid. If not, then you should really reconsider whether you want to import from China using such a supplier. It is worth adding that the risk of fraud in this case increases drastically.
What can we do to protect our company from untrustworthy supplier?
First of all, ask our business partner to show a copy of the business license. With this document, you can check if it is valid and whether it actually belongs to the right company. Transferring other companies’ licenses does happen. You also must be sure that the document has not been fabricated in a graphics program (for example, in Photoshop). Every legally registered Chinese company has a business license, so do not believe in excuses (the most common are: the license is lost or the license is in a locked drawer and the person who has the keys is on vacation). In addition, for Chinese companies, the business license is their most important document.
An e-bike ebike is typically a bicycle with motor inside. It is also called an e-bike or electric scooter. The eclectic dirt bike can reach speeds up to 24-34km/hr (15 to help you 20 miles /hour) with regards to the motor and laws of the country. Many countries possess law restrictions vs speedy e-bikes rendering it illegal to offer for sale e-bikes that proceed past certain pace. Electric scooters are substantially cheaper as compared to regular motorcycles. Also, they are a lot cheaper not to lose and to generate.
Electric bikes belong to a different class of vehicles than motor bikes. In countries enjoy Canada and United states of america e-bikes are dealt with like bicycle (they can be even allowed in bicycle lanes) which imply that the rider doesn't need insurance or people license to operate one. There could come to be some age as well as license restrictions depending on the State or the Province. All States and/or Provinces require riders to wear a helmet designed for safety purposes.
Electronic bikes are battery operated helping to make them very environment friendly and affordable. With gas expense rising and global warming just about to happen e-bikes make wonderful transportation alternative. They are easy to operate, safe and most essential of all don't demand gasoline. They are smaller sized and lighter when compared to average motorcycle making them perfect for urban areas.
In a great many markets around the world e-bikes are replacing regular bikes in addition to motorcycles. The difference relating to the electric scooter and also the bicycle is of course that e-bikes have motors in them. The difference around motorcycles and electronic scooters is that electric scooters' applications are battery run. E-bikes are also required to have pedals to get manual use where motorcycles do not. That means whether battery charge is low one can find pedals to get hold of rider home safely.
Most of electric scooters possess safety key attribute which protects the idea from being ripped off and imposes safety.
Electric bikes are generally affordable. The price tag may weary coming from US$500 to US$3, 500. E-bikes are a great deal cheaper than motorcycle in particular when you take into account that electric scooters can also be more cost useful on maintenance.
In a great many countries around the world e-bikes outnumber normal bikes and motorcycles in the roads as they've been cheaper and more convenient way of transfer. In countries prefer China and Asia sales numbers meant for electric bikes double almost every year where off road electric scooter sales drop. Western countries which include Canada and Nation has recently discovered important things about e-bikes and now are in the process of implementing rules and regulations to increase number of electric bike owners.
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There are many kinds of folding sports gear and folding utility bicycles. Each one contains a little different system nonetheless basics are generally the same. I picked a particular one to use as an example to demonstrate how easy it truly is to operate the folding bicycle. -Always make sure your e-bike whereas parked is stable and the kickstand is locked at the same time.
Credit risk in China means the country will find it very hard to grow. Global credit ratings agency Fitch Ratings has warned that the extent of china credit could make it very difficult for the country to grow its way out of excesses as it has in the past. The comments suggest tougher times ahead, which could impact on businesses.
Over the last decade China has grown at an impressive rate making it an attractive prospect for firms worldwide. However, the report from Fitch Ratings found that the ratio of credit to GDP now stands at 200 per cent, leading to the agency predicting muted growth.
Speaking to the Telegraph, Charlene Chu, Fitch Rating's senior director in Beijing, said, "The credit-driven growth model is clearly falling apart. This could feed into a massive over-capacity problem, and potentially into a Japanese-style deflation.
"There is no transparency in the shadow banking system, and systemic risk is rising. We have no idea who the borrowers are, who the lenders are, and what the quality of assets is, and this undermines signalling."
China's credit bubble could affect British businesses operating in the region. Ensuring that suppliers and customers are regularly checked for stability and creditworthiness is key for maintaining a strong supply chain.
Graydon's International Credit Risk Assessment Monitoring services enables businesses to keep up to date with trading partners'current situations. The latest credit information is automatically added to a client’s database allowing them to monitor critical events and rating changes. Additionally, email alerts are sent the second new occurs so businesses can rest assured they will be well informed should risk emerge.
Many UK businesses have offset European losses due to increasing demand in China and other fast-growth nations but it is vital for them to remain cautious and alert for changing market conditions.
