Since the global financial crisis hit the U.S, what could only be describe as the ‘Perfect Importing Storm’ has now developed over China.  The conditions are perfect for large profits to be made, and for businesses to grow exponentially.  Being at the frontline when it comes to international trade, I have seen first hand what has happened over the past year in China.  I thought it was only fair to pass on this knowledge and show the reasons why now is the time to import:

1. Since reaching a low of around $0.62 US mid November last year, the Aussie dollar has fought back bravely to now be around $0.92 US, and still looks like rising even more.   This means more bang for your buck because most of the factories in China will only deal in U.S Dollars.

2. Due to high oil prices, this time last year the freight costs for a simple 40″ container was around $4,000.  Currently the price is around HALF that, with a container about $2,500.  While conditions are still favourable, now is your chance to get your production settled in China before the demand for oil and freight returns, and the U.S begins to rebuild.

3. Previously focused only on the large U.S market and their large orders, Chinese manufacturers are now very keen to negotiate with smaller sized orders.  With their normally reliable U.S clients disappearing, once choosey manufacturers are now become more and more active in finding and satisfying ‘less’ important clients.

As I’m sure I have mentioned before, China Business is all about relationships. With this is mind, entering the Chinese manufacturing industry has never been so easy now that most suppliers are focused on satisfying and building relationships (even with the smaller sized clients).  Added to this the increased strength of the Aussie dollar, and the decreased cost of freight, if you are thinking about heading to China don’t sit on it too long, because now is the time to act.

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