About China
Export growth has continued to be key to China’s economic growth with key export markets being the European Union, United States, Japan and South Korea. China’s main exports are computers, communications equipment, electronics, machinery and apparel.
Today China has capabilities across most categories, and together with rapidly mechanized production and increased investments in R&D, the country is rapidly moving up the value chain.
To discuss your sourcing or procurement intelligence requirements from China, please contact us.
Procurement from China
Complete Solutions for All Your Shopping Needs
The 21st century has been called the Chinese century. The country’s GDP growth and the importance of China’s role in the world trading system were impressive. Today, as the world’s second largest economy, China owes its commercial success to a liberal economy, extensive investment in infrastructure and better education of the population. The strong and sustained increase in manufacturing and a stable political environment are other factors that have contributed to a thriving economy and have led societies around the world to look for reliable Chinese service providers.
Cost-effective Products from China
Most of the western companies are attracted to the Chinese markets due to the low production costs. Finding a suitable Chinese sourcing company will help you address the following goals:
- Finding a suitable supplier
- Negotiating the best prices
- Defining product specifications that meet your needs
- Managing and mitigating all supply chain risks
Challenges in the Middle Kingdom
Over the past two years, there have been several factors such as inflationary threats in the labor sector, raw materials and capital markets that appear to be shrinking the cost competitiveness of procurement markets in China. There is talk of the risk of continued currency appreciation of the Chinese Yuan (RMB), further imposition of trade barriers – such as high import tariffs – that could lead to further impairment of the cost competitiveness for which the country has been favored. Although the country has shown an astonishing degree of cohesion, it faces problems such as clashes between ethnic minority groups, environmental problems, demanding human rights groups and a widening gap between the rich and the poor. Western societies that are somewhat dependent on China therefore face a number of challenges, namely:
- The search for alternative sources of supply in anticipation of rising prices in China
- The relocation of some productions in high-price countries
- Implementing a successful “China Goes West” strategy, looking for suppliers with cheaper prices than, for example, those on China’s east coast
- Help to break through higher-value products that China is increasingly able to produce (e.g. in the pharmaceutical sector and in high technology)
- Assist Chinese suppliers on the East Coast to offset some inflationary pressures by helping them implement the best production and procurement practices to improve their productivity
Product sourcing from China has become much harder now. With international business often difficult enough for experienced professionals, beginners might find it even more frustrating. However, you can rely on Dragon Sourcing because we have the experience and will make the whole process easy and effortless for you.
With Dragon Sourcing You Can Overcome Challenges and Achieve your Strategic Business Goals
By using our services, you can also source goods from low-cost countries with coordinated purchasing advantages to maximize your cost savings. As your sourcing partner, Dragon Sourcing will help you find the most cost-effective Chinese suppliers. Experience coupled with intimate knowledge of local markets makes our company a definite choice for any company looking for a partner to enter the Asian market. Armed with the technical specifications of the goods you are sourcing and your target prices, our team will conduct an assessment and find the most cost-effective supplier for you who can offer you result-oriented services for custom manufacturing services, from concept to market.
From product analysis (identifying Chinese sourcing potential) to market analysis (supplier audits) to implementation (negotiation and logistics) and project management (sourcing support), you will have a strong and dedicated team of sourcing experts at your disposal when you choose our China sourcing service.
Frequently Asked Questions
Below are answers to the most frequently asked questions. Please feel free to contact us. Use our contact form to describe the support you are looking for.
We can source any product or service from commodities to custom developed products. Check our Category Expertise section to see the range.
We work with small, medium size and multi-national companies that are looking to procure goods and services from emerging markets for export or to support their local operations.
We are supplier independent, we never take commissions from suppliers, and we conduct our procurement on an objective and documented basis.
From initial brief to quantifying the potential value opportunity, takes between a few days for categories we know well to 2 months for new categories.
To qualify a new supplier that has been identified as offering potential value, takes between a few weeks for simple off-the-shelf products to several months for complex custom engineered products.
contact us to discuss your requirements.