International Trade

» qingpetras - Import from China

China has become the world's third-largest exporter and third-largest importer, an economic power importing raw materials and scrap from all the world's regions, drawing vast amounts of foreign investment and changing the economic landscape around the world, especially in Asia
While U.S.Exports to China Rise, Imports from China Rise Faster. China imports U.S.machine parts, components for assembly and re-export. Considering total trade of goods (exports and imports), China became the United States's third-largest trading partner in 2004 at $231.4 billion, behind only Canade and Mexico and well ahead of the fourth-largest partner, Japan, according to the U.S. Department of Commerce.
In terms of U.S. goods imports in 2004, China was second, at $196.7 billion, accounting for 13.4 percent of all U.S.imports. In terms of U.S. goods exports, China was fifth, at $34.7 billion, behind only Canada, Mexico, Japan and the United Kindom and ahead of Germany. The statistic that gets the most attention, of course, is the bilateral trade deficit with China -- $162.0 billion in 2004, including a small U.S. surplus in services trade -- more than twice the second - highest $75.2 billion deficit with Japan. (According to USINFO.STATE.GOV,By Bruce Odessey,Washingto File Staff Writer)
To get a sense of how completely China dominates low-cost manufacturing, Import from China, consider Wal-Mart. Wal-Mart is America's-and the world's-largest corporation. Its revenues are eight times those of Microsoft, and make up 2 percent of America's GDP. It employs 1.4 million people, more than GM, Ford, GEand IBM put together. In 2004, Wal-Mart imported $18 billion worth of goods from China. Of Wal-Mart's 6,000 suppliers, 5,000 - 80 percent are in one country - Import from China.(according to NEWS WEEK Special Report By Fareed Zakaria)
Do you know which state that make major import and export value in China?
Guangdong Province - Well known as a "capitalist state" of the nation, is the top import and export state in China. By September 2006, the import and export was 162.6 and 213.29 billion US dollars respectively, the total import and export value was 375.89 billion US dollars. The import and export value is the highest among all provinces, and of one third of the nation, according to Guangdong Government Offical Report on October 25, 2006.
From the most recently report at The 100th Session of Canton Fair in Guangzhou China in 2006, the export contract confirmation value was 8.85 billion U.S.dollars signed by Guangdong Province, 4.85 billion U.S.dollars signed by Zhejiang Province and 3.36 billion U.S.dollars signed by Jiangsu Provice during October 15th to 31st, 2006 at Canton Fair. The total export confirmation value of three provinces are 17 billion which is 51% of the whole nation of China. Guangdong has ranked No.1 import and export state for over two decades since china began its market reforms.
A report from GlobalInsight, the world's leading company for economic and financial analysis and forecasting, saying, In 2005, the Shanghai-Jiangsu mege-province's GDP was $335 billion, making it the sixth largest in Asia and 22nd largest in the world. Guangdong's 2005 GDP was $265 billion and the Beijing-Tianjin-Hebei mage-regional GDP was $251 billion, ranking them the 7th and 8th largest Asian economies, respectively. All three regions are along the coast of Chna or, in the case of Guangdong, bording Hong Kong. It continually say, The undisputed champion in economic openness, however, is Guangdong province. Because of its proximity to Hong Kong, Guangdong has been able to attract vast of export-oriented investment from Hong Kong since the outset of China's market reform. Merchandise trade accounts for about twice Guangdong's annual GDP, with nearly 17% of FDI into China in 2004 going to Guangdong.
Import from China, and get connected with potencial China manufacturer and China supplier
Chinese Export Commodities Fair or CECF The best way to be connected with if choosing Import from China. CECF, also called Canton Fair, is held twice a year in Spring and Autumn in Guangzhou China(capital of Guangdong) since it was inaugurated in the Spring of 1957. The majoy feature of CECF is:
· 50 trading delegations, being composed of thousands of China's best foreign trade corporations(enterprises)with good credibility and sound financial capabilities.
· 576,000 Square Meters Gross Exhibition Space.
· More than 150,000 varieties
· 34.6 billion US dolloas export contract confirmation value signed in 100th Session within October 15th to 30th, 2006
· 13,686 exhibitors including manufacturers, enterprises, import export agents in China
· 192,691 buyers from 212 countries attended 100th Session on October 2006 in Guangzhou China
China Manufacturers and Global Sources - Another major method to find China manufacturer and China Supplier when choosing Import from China. Global Sources is a 35 years B2B online media company. From there you will discover thousands of top quality products choices and hundreds of suppliers with strong commitments to exporting in every industry-specific Global Sources magazine.
· Search from 147,759 quality Suppliers and Exporters
· Explore 3,705 product categories from 154 countries
· Find 234,844 Products profiles
· 12 sourcing magazines Auto Parts & Accessories, Electronics, Hardware & DIY to Baby & Children's Products. In each issue you will find updates on product profiles and manufacturers from China, Asia and the world
China Manufacturers and Global Sources is distinguish with most B2B trade lead company such as www.Made-in-China.com, www.Alibaba.com where everyone can post their items to sell or buy even without any product in hand. If you are seriously considering your own import export business, do not go to low fee or free membership B2B trade leads companies, you'll waste your time. Global Sources / China Sources is expensive for marketing or promoting products. I don't know how much it costs now, way back to early 1990's, my company paid $3,000 fee for 90 days advertising. Those suppliers and exporters selecting pay high fee as they are seriously thinking about their business. Import from China ? Go to China.Manufacturers.Global Sources to find your reliable and trustworthy sellers there.
Let's assume you intend to Import from China and seeking suppliers at Global Sources. At Home Page on your left side column bar, find Search at left hand, click it, you will be in Products / Supplier / Country page, select the categories, then select Suppliers right beside Categories box, and enter keywords "Guangdong or Guangzhou " in the keyword box at right side of Supplier box. After the above has done, a supplier list all from Guangdong or Guangzhou that show you more detail information of the company's profiles. This is how you find your China supplier and China manufacturer when Import from China.
For further detail information on this article,please visit:http://www.for-your-dream-career.com/Imp...

-- posted by qingpetras