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Something About China property bonds

{ 03:29, 15/1/2016 } { 0 comments } { Link }

To many global investors, bonds from China’s property sector are toxic nuclear waste, not to be touched at any cost. To others, they come with a more pragmatic “handle with care” warning. I belong to the latter camp.

From just a handful of bonds 10 years ago, the sector has grown to contribute 9.5% of the Asian US dollar bond market with US$51bn of bonds trading. That is nearly a third of all high-yield corporate bonds in the region.

Over this period, the sector has gone through three cycles of downturns and upturns. Several Chinese property companies have issued, redeemed and refinanced their offshore bonds. Companies with credit ratings ranging from Single A to Triple C have managed to issue bonds, which chinese trade credit actively in the secondary market. Yet, a feeling of unease persists.

Perhaps the first source of discomfort is the fact that offshore Chinese property bonds are deeply subordinated, since they are issued by offshore-incorporated entities, which inject the bond proceeds as equity into their onshore companies and service their debt only out of equity dividends received back from the mainland. The difficulties in repatriating equity funds out of China mean that the offshore principal effectively has to be refinanced. In case of bankruptcy, the onshore lenders have the first claim over the onshore assets.

While this structural weakness is undoubtedly true, it applies to every other bond issued by Chinese businesses, including investment-grade bonds far beyond the property sector, since the structure was born out of regulations prohibiting the issuance of debt or guarantees by mainland companies. (Only recently have the authorities begun to relax this prohibition, and the first few offshore bonds are now coming out with direct guarantees from mainland operating companies.)

ANOTHER SOURCE OF discomfort is the government’s meddling in the property sector through various measures, including the flow of credit to the builders, rules for financing land purchases, obtaining mortgages, and mortgage down-payment requirements. The harshest controls came in 2010 when the government restricted the number of apartments that an individual could purchase.

Property prices are a sensitive subject everywhere, and China is no exception. The government presses the brakes if the prices are speeding too fast and pushes the accelerator if property construction flags too much so as to threaten the overall economic growth.

This government intervention makes asset values volatile in both equity and debt markets, and raises the cost of capital to the sector.

Some investors have also been scared away by stories of oversupply and ghost cities. The property development business model, by definition, consists of a long operating cycle, and there may be genuine demand/supply imbalances, as in any other industry, but the overwhelming majority of Chinese properties are built in response to actual demand from a rapidly urbanising population. The same goes for talk of speculative buying, when the reality is that most of the properties are bought for self-occupation. Buyers have to put up a minimum 30% down-payment, they are not over-leveraged and there is no subprime lending.

WHEN IT COMES to investing in Chinese property bonds, one should realise that there has already been one level of filtering – only those companies large enough to go through a rating process and the expense of issuing offshore actually end up selling dollar bonds. They are all listed offshore, most of them in Hong Kong, and are subject to audits and disclosures that go with the listing status. The additional scrutiny from equity analysts and investors that comes with listing also offers additional information for bond investors.

There has not been a single default in the sector so far, and only two distressed exchanges in 2009, both at 80 cents to the dollar. Some companies did go through financial distress during previous sector downturns, but they managed to sell land or unfinished projects to stronger players and stave off default.

This is not to argue that we would never see a default in the sector. We will, sooner or later. But the sector has genuine fundamentals, strong and weak players, and saleable assets that can be realised in times of distress.

So, how should one approach investments in Chinese property bonds? First of all, investors need to be prepared for the volatility that comes with the regulatory changes. Any crash in value following a regulatory tightening offers an opportunity to pick up the higher-quality bonds at more attractive prices. In fact, such moves also enable the stronger players to buy out the weaker ones or to acquire assets from the struggling players, and increase their market share.

The current downturn in the market is no different. It is true that the stock of unsold property is running above average; that the leverage has increased in the last 12-18 months in response to slowing sales; that margins are under pressure due to the pressure to liquidate stock; and that some of the weaker companies are likely to experience a liquidity crunch in the next 12-18 months, unless they slow down their expansion. But the current downturn is also an opportunity to pick up bonds issued by stronger companies, which will benefit from the tight conditions in the sector. The challenge is reading the credit fundamentals carefully enough to identify the winners.



Several Simple Ways to Verify Chinese Suppliers

{ 02:05, 8/1/2016 } { 0 comments } { Link }

One difficult task to do when sourcing in China is trying to verify the suppliers. For small and medium sized buyers, many of them can’t come to China to visit the supplier on the ground and face to face, so they could either use a third party verification service (such as Chinawhy) or do the verification themselves, using the following simple tips:

1. Check the bank account

If your suppliers have a foreign currency company account to accept your payment, and the bank account is opened in one of the state-run banks (Bank of China, Agricultural Bank of China, Industrial and Commercial Bank of China, Bank of Communications and China Construction Bank), this is positive. As we know, only companies with an import and export license can apply for a foreign currency company account in the state-run banks.

If your supplier doesn’t have an import and export license, they won’t have a foreign currency company account. But they should have an RMB company account in a Chinese bank. As foreign buyers, you can’t send RMB to China, but you could ask your agent in China to send a sample fee to their bank account to test if their RMB company account is real.

2. Be cautious of shell companies

When you see Hong Kong companies on Alibaba, with contact information in Shenzhen or Guangdong province (the address is in Shenzhen and/or the phone number start with 0755, not 852), that is a shell company, be cautious.

3. Secrets in the company name

If you see a company with “trading” or “trade” in its name, then it is obviously a trading company, not a factory.

If a company has “group” in its name, then it is a big corporate. So if you are small buyers, keep away from them.

According to Chinese law, all Chinese companies should add the geographical location in the company name. The geographical location is related with registered capital. In our province (Zhejiang), for registered capital less than 2 million RMB, you can’t use the prefecture-level cities in your name (for example, if a factory is in Ninghai county, Ningbo city, Zhejiang province, China).

Judging by the company name, you can tell the company size (or at least the registered capital):

China Mobile Limited (huge size)
Jiaoguang Group (big corporate)
Zhejiang XXX Co., Ltd. (big company but smaller than group company)
Ningbo XXX Co., Ltd. (decent company)
Ninghai XXX Co., Ltd. (ordinary or small size)

More imformation about verify chinese company,you can view Cnbizsearch: http://www.cnbizsearch.com/search/verification



Chinese Rate Cut and Payment

{ 03:04, 30/12/2015 } { 0 comments } { Link }

China offers a prime example of export-led growth that has benefited from learning by doing and by adopting foreign know-how, supported by a complex industrial policy. Arguably, a modern version of mercantilism has been at work. The Global Crisis put an abrupt end to China’s export-led, high growth and large current-account surplus trajectory. In the US, the private sector was forced to de-leverage and lower demands for imports. Other crisis-hit developed countries also cut back on imports. Consequently, the Global Crisis and its aftermath induced rapid Chinese internal balancing, reducing the scope of future reserve hoarding.

In an attempt to revive the Chinese economy, the People’s Bank of China clipped interest rates for the sixth time since November as well as reduced its reserve-requirement ratio for banks. The country’s benchmark lending and deposit rate was cut 25 basis points, while its reserve-requirement ratio for banks dropped 0.5 basis points.

"The idea that this signals even greater weakness in the Chinese economy is flawed, but so is the idea that rate cuts represent a solution to slowing growth,”said Leland Miller, president of China Beige Book International, in an email to NACM. “When firms don't want to borrow, which is the case now, stimulus doesn't work. So while this is certainly a trading event, its effect on the economy will be negligible."

Credit insurer Atradius also released a new report this week that focuses on payment practices in China. It states that 62% of businesses said domestic business-to-business (B2B)“customers have slowed invoice payment due to liquidity problems over the past year.” On average, domestic B2B credit-based sales are 41.8% of local sales, while abroad B2B credit-based sales are 34.2% of the total value of exports. Both figures are notably lower than the average of the other Asia Pacific countries surveyed.

The statistics “confirm that Chinese respondents prefer payment in cash, cash equivalents or on other terms other than chinese trade credit, particularly in transactions with their foreign B2B customers,” the report notes. “This suggests an inconsistent perception of payment default risks arising from domestic and foreign B2B trade.”

On average, domestic B2B customers are given 37 days to pay invoices and foreign B2B customers receive 41 days. Late payments occurred almost as frequently domestically as abroad, and nearly 94% of respondents experienced late payments from their B2B customers over the past year. “The domestic insolvency environment in China is expected to deteriorate in the coming months, as economic growth is cooling down,” the report says.



Background check Chinese company

{ 02:16, 21/12/2015 } { 0 comments } { Link }

A new online service allows businesses to verify Chinese companies affordably. ‘China Checkup’ is an initiative of Matt Slater and makes official registration checks on Chinese companies accessible to businesses around the world.


For many countries China is a very important import and export destination. Obtaining background information is an important step in making informed decisions and doing business safely in China. It can also help you to avoid becoming a part of China’s booming fraud industry.

Matt Slater started his China business consulting company 2 years ago, and he is doing things differently to the rest. ‘China Checkup’ lets customers verify company in china online from just 49 USD. The whole process takes place via a secure online payments system. The new service has already received a very positive feedback from the market.

“There needs to be an affordable and streamlined way to obtain this information, which more and more companies require. This is what we hope to provide through China Checkup,” Mr Slater says.

Tips – How to avoid problems

Mr Slater also gave some recommendations for avoiding problems when doing business with Chinese companies:

1. Have a contract, and translate it into Chinese. The value of a clear contract isn’t just to have something to fall back on if disputes arise. It also ensures that both parties are on the same page.

2. Make it very clear that you’re serious about the relationship. Demonstrating commitment to the deal and its results from the start will serve to put off potential low-quality companies, and give high-quality companies the confidence to move forwards with you and your company. Make it clear from the beginning that you will be carrying out background checks, audits and quality inspections.

3. Take responsibility for quality. Don’t make the mistake of assuming that the other party will ‘fill in the gaps’ or handle any oversights not fully specified. Assume that it’s your responsibility to clearly and completely communicate your expectations.

4. Documents can be faked.  Take the view that documentation you are shown is meaningless until you can independently verify it through background checks and confirmations with the issuing authority.

5. Also remember that you get what you pay for. Some people doing business with Chinese companies think that the usual relationship between cost and quality doesn’t apply in China. This leads to deals going bad. China may be cheaper in general, but there is certainly a limit to this. Recognise that the other party also needs to make a fair profit; if you drive prices down too far, quality will inevitably be affected.

verify company in china



The key benefits of an electric scooter

{ 02:23, 10/12/2015 } { 0 comments } { Link }

If you have ever wondered about what an electric scooter could do for you, then this is the right place for you. As cities continue to get more congested and roads are being turned into one stop places for angry and frustrated drivers, the time is right for people to venture into other modes of personal transport. One of the most popular modes of personal transport for people working in the city happens to be the electric scooter. The following are the reasons why you should also consider buying one right now:

    Low cost driving

One of the key advantages of the electric scooter is the fact that it uses electricity instead of fossil fuel like petrol, which tends to be more expensive. You will therefore find yourself saving a lot of money that can then go to other aspects and areas of your life. This will allow you to enjoy your salary more. For instance, your savings could go towards preparing for retirement, or for buying something else that you have desired for a long time. This low cost driving benefit will definitely appeal to the many people who want to manage their budget and free up funds for other types of spending.

    It is environmentally friendly

One of the other key advantages about this type of scooter is the fact that it does not pollute the environment as compared to other modes of transport. If you are worried about your rapidly expanding carbon footprint and want to whittle it down to a tiny fraction of what it is right now, then the cheap electric scooter is your way of getting there faster than you ever imagined. It will certainly boost your peace of mind while also contributing to a better atmosphere in your city.

    Stress free commute

With such a scooter, you will be able to maneuver easily through crowded areas, thus eliminating one of the many stress points that makes people angry and frustrated by the time they make it home at the end of the day. Guess what? This electric scooter is available on wheelster.com, the most reputable online shop to get cheap electric unicycles.



Tips on China company verification

{ 02:43, 3/12/2015 } { 0 comments } { Link }

The most secured way to verify chinese company is to visit the local administration of industry and commerce, check the company registration information of said company from local AIC with the information listed on their business license to see if they are the same.

You can find the following company information at local AIC: date of incorporation, address, legal representative, registered capital, contact information, business scope, business type, business term, annual inspection performance, etc.

Chinawhy offers inspection service in China(including local AIC visiting) for paid customers, However, we are happy to share some open company verification resources( regarding AIC visiting) with customers who are doing very small business and can't afford to pay for a proper company verification.

In a long run, China will build up a comprehensive company registration information inquiry system, but for now, we don't have a nationwide level official website offers such data inquiry service.

Some local AIC have set up website for users to check the basic information of a company found within their administrative area, I have checked whether these website are authentic by testing to check some local companies which I knew are legit, However, for many AIC website which offer online company information inquiry service, the results are not correct due to they haven't built up an complete online database of company registration information they possessed.

I know "Anhui zhongding holding"  is real and legit, so when I open www.szcredit.com.cn, I input the company name , then click to look for , you will find that this company is a Hongkong-funded enterprise and has one subsidiary company, you can also see the legal representative of this company, but if you want to inquiry more detailed information of this company, you will be charged. So in conclusion:
1)most AIC don't offer online company information inquiry service
2)among those AIC websites that offer online inquiry, many are not authentic due to database incompleteness.
3)Among the few AIC website that offer online inquiry function and have a complete database for accurate company information inquiry, most are paid, only a few are free. We are going to share with our fellow users if we found other free open resources for company verification.

Chinawhy have verified more than 2000 companies since 2006, our company verification service covers most part of Mainland China.



Pearls of wisdom

{ 03:21, 24/11/2015 } { 0 comments } { Link }

Nobody can deny that pearls are beautiful and can be used in jewellery to make stunning creations. But how much do we actually know about them? Apparently there are as many as 17 different types of pearls and these fall into three main categories – natural, cultured and imitation.

Natural pearls are very rare these days due to over harvesting in the past. For them to be formed requires a unique set of circumstances. They are formed inside molluscs, moist commonly oysters and mussels. The process begins when an irritant gets inside the shell. This could be something as small as a tiny grain of sand or little stone. In order to protect the surface inside the mollusc a secretion known as nacre is secreted around the irritant. Layer upon layer of this lustrous substance builds up and so the pearl is formed. This rather amazingly can take up to seven or eight years.

Taobao natural pearls for sale: http://www.agreetao.com/

Although there is variation amongst the species as few as one in every thousand oysters or mussels might contain a pearl. And out of these only a few will be of the right quality and texture. In terms of quantity, around three tons of oysters might only produce 3 or 4 perfect pearls. The most valuable pearls are perfectly symmetrical, relatively large and produced naturally. They shine and shimmer and have an iridescence known as orient lustre. The main oyster beds lie in the Persian Gulf, along the coasts of India and Sri Lanka, and in the Red Sea. Chinese pearls come mainly from freshwater rivers and ponds, whereas Japanese pearls are found near the coast in salt water. Freshwater pearls also occur in the rivers of Scotland, Ireland, France, and Austria. The different locations and types of water where the molluscs are found produce local variations in colour, ranging from white, to those with a hint of colour, often pink, to brown or black.

Cultured pearls as the name suggests are cultivated by human intervention. Foreign material serving the same purpose as the irritant in natural pearls, is implanted inside the mollusc. It takes 2 – 4 years for the pearls to be created in saltwater and 2 – 7 years for freshwater pearls. Either way it’s not a speedy process but perfection cannot be hurried. This method was first used in 1893. Saltwater pearls are created in a number of different colours including pink, blue, black, green and white. However to complete the perfect necklace matching colours, shades and pearl sizes can actually take years, which is why they are so expensive and highly sought after. The only way to distinguish natural pearls from cultured pearls is by the use of an x-ray. The coasts of Polynesia and Australia produce mainly cultured pearls.

Imitation pearls are man-made objects designed to look like real pearls. They can be made from a variety of materials including glass, plastic and even small pieces of mollusc shell and a number of methods are used. Coating beads with a pearlescent type substance helps to imitate the iridescence of nacre. However they can easily be identified as imitation as they lose their lustre very quickly. They are of no monetary value.



Taobao Online Shopping Festival 11.11!

{ 03:10, 16/11/2015 } { 0 comments } { Link }

Are you ready for NO.1 event of this year in the world of internet shopping?

Attention of modern progressive society was absorbed by the upcoming event in the world of online shopping! If you do not understand, what we are talking about, we remind you that November 11 there will be annual sales festival – 11.11 on Taobao! You can view taobao english site at Agreetao: http://www.agreetao.com/

The practice of previous years shows that with each next 11.11, Taobao shops increase numbers of promotional items and the size of the discount. Whole 24 hours there will be discounts up to 90% for goods of all categories! It looks like 11.11.2016 sellers will be paying customers for purchases. =)

They say, that this year so powerful sales are expected  that even judges of the Guinness Book of Records were invited, in order to check  the sales numbers. It is also known, that in 2013 Taobao turnover exceeded $ 10 billion that day! Can you imagine that?!

And now you can try to imagine, what awaits us this year! It is understood, that event like this can’t be missed!

Since the grand sale lasts exactly 24 hours (from 00:00 to 23:59 by Beijing time), we recommend you to prepare in advance, to form your orders in advance so you save your time, because the biggest discounts will  be active exactly in that period. Taking care of our customers, we have specially prepared links where you can find the promotional items! Have a lucky purchases with Taobao FOCUS!

 



THE ADVANTAGES OF A 2 WHEEL SELF BALANCING ELECTRIC SCOOTER

{ 02:33, 10/11/2015 } { 0 comments } { Link }

Ever since they hit the market, electric scooters have gained a wide following among all kinds of users. These range from cool teens to office workers. This is for no other reason but the due to the fact that they offer them a great amount of benefits. There are a number of things about them that are of great importance. That is why this piece mentions some of the top things you need to know about a two wheel self-balancing electric scooter.

There are various products on the personal transport today. Therefore, making the ultimate selection on which one to go for can be a challenge at times. However, one of the products you can never go wrong on is a 2 wheel self–balancing electric scooter. This is because of nothing else but the fact that it offers users a wide array of advantages. Some of these benefits are mentioned here.

THEY HAVE A COMPACT MAKE

One of the drawbacks with traditional scooters is their often huge size. A 2 wheel self–balancing electric scooter eliminates this problem quite efficiently. They are constructed in a manner that occupies as little space as possible while giving the rider enough room to stand on. This means that you can be able to easily navigate through narrow sections more swiftly and also weigh less.

THEY HAVE VARIOUS SPEEDS

With these scooters, you do not have to worry about the moving too fast or too slowly. This is because they allow the rider to efficiently vary their speed and accelerations. This offers one the clear advantage of being able to move at the speed that they feel comfortable and safe at. It also ensures that you can move from one place to This is arguably its most distinct as well as beneficial attribute. The scooters have a series of sensitive sensors that detect even the tiniest of movements and balance themselves when you climb on the machine. This makes it possible for one to drive them without having to worry about falling off. Your security is therefore guaranteed and you can focus on enjoying the ride.

THEY COME IN MULTIPLE COLORS

You do not have to be stuck with a 2 wheel self balancing electric scooter whose color you do not like. These products come in a wide array of colors that you can choose from.That means that regardless of your tastes and preferences with regard to color, you can always find one that suits you.



Easier to Make Chinese Company Check

{ 01:43, 4/11/2015 } { 0 comments } { Link }

Credit checks of Chinese companies have been made significantly easier with an online National Chinese Company Credit Information database providing free information about Chinese domestic companies to the public.

China's State Administration of Industry and Commerce has launched the National Company Credit Information System which is an online resource that provides free information about companies to the public. This followed the Provisional Rules on Enterprise Information Disclosure act which took effect on October 1 last year. The new disclosure act require all companies, foreign and domestic in the PRC to submit annual credit reports for public disclosure via the publicly available Enterprise Credit and Information Disclosure System which can be accessed online on a real-time basis. With the new online database, anyone can simply log in and access relevant financial, asset and legal liabilities information – greatly improving financial transparency among businesses in China.

- This is good news for anyone evaluating suppliers and potential business partners in China, says Per Linden, CEO of the consulting firm Scandic Sourcing. One year ago, credit disclosure companies stopped getting access to tax reports, which made it difficult to make credit checks of Chinese companies. To get accurate info, we had to ask the companies themselves to disclose their annual audit reports, which they may or may not do. Now, the publicly available Credit and Information Disclosure System circumvents all that, and I think this is a big step towards simplifying credit checks in China.

Screenshots from the search function of the new online resource for credit disclosure which Chinese companies (and any other company operating in China) are expected to submit their financial information to.

The information companies are required to provide includes corporate registration data, record filing, chattel equity pledge registration, mortgage registration, and notably administrative penalties levied by the Chinese Administration of Industry and Commerce. Look for the latter when evaluating a potential partner or supplier; it's an important indicator of a company's creditworthiness and integrity that used to be confidential. The companies themselves are responsible for the authenticity and legality of the information they disclose and spot checks on the disclosed information will be conducted; third parties may report any information they suspect is false.

Companies that fail to submit their reports in time will be recorded in the directory of companies with abnormal business operations and if the company fail to fulfill their disclosure obligations within three years, they will be recorded in the directory of companies with serious illegal conduct, and their legal representative or person-in-charge will be prohibited from becoming a legal representative or person-in-charge of any other company for three years.

More imformation about chinese company, pls visit Cnbizsearch: http://www.cnbizsearch.com/



Chinese Company Verification: How to Vet Suppliers

{ 02:04, 28/10/2015 } { 0 comments } { Link }

Two often I hear Buyers making supplier selections on highly arbitrary factors, primarily the responsiveness the sales rep on the other side. Such factors are largely irrelevant. A supplier selection without the right data is often the root cause of quality issues further down the road. In this article, we explain how you can perform a China Company Verification by analyzing their documentation. This procedure can be managed from your office, and doesn’t require an on site visit.

Considering it a first step of the selection procedure, as there are limitations to what can be done from a distance – as compared to more comprehensive, and far more expensive, factory audits. The ideal outcome is identifying a number of potential candidates. In this article, we look into two sets of documentation, company related documents and product related documents, and the role of buyer references and US customs data.

Company Documents

a. Business License
Every registered company, regardless of type, in Mainland China, has a business license. The business license contains key information about the company, that can tell many things about the supplier. For importers there are two parts of particular interest:
Registered Capital: All limited liability companies have a set registered capital. The registered capital amount indicates the size of the company. The more, the better – and a company with a very low amount, below RMB 500,000, is likely a trading company. Not a manufacturer. It’s hard to set a minimum limit, as it varies by industry. Watch manufacturers, for example, tend to have below RMB 1,000,000 in capital. Watch manufacturing is a low value added industry, and the need for capital (both in terms of money and machinery) is rather low. However, in other industries, say LED displays, RMB 1,000,000 is far below the minimum. I suggest that you look at the ratio, between different suppliers in a given industry, rather than fixed minimum numbers.
Business Scope: Specifies the nature of the company. For suppliers of goods, the specific type of products is listed. The business scope can be very helpful in determining whether or not you’re dealing with a ‘proper’ manufacturer, or a trader. For manufacturers, the listed products tend to be more specific, and within the same category. Also look out for terms like ‘production’ and ‘assembly’. Trading companies, on the other hand, tend to include products of very different nature (i.e. electronics, watches and textiles). If the business scope only mentions ‘wholesale’, ‘trade’ and ‘distribution’, it’s most likely a trader.
Keep in mind that the business license is only available in Chinese language. Suppliers have no reason to refuse sending a copy of their business license, but if they do, request them to share their business license / company registration number. With this number, you can access the very same information on Chinese government websites. However, the online company databases are exclusively in Chinese language.

b. Bank Account Details
Payment frauds are relatively common. That being said, confirming the supplier’s bank account details early on is not only a fraud prevention measure, but also quite telling in itself. This is what you should request:
Beneficiary Name: The company name of the bank account holder must match the supplier name. Never pay to a personal bank account, or one that is not matching the suppliers English language company name.
Country / Region: Many suppliers, especially those based in Guangdong province, hold offshore bank accounts in Hong Kong. This offshore account is almost exclusively held by an offshore company, rather than the company entity in Mainland China. Yes, it may sound complicated, but in short this means that there is no direct link between the actual manufacturer, and the seller of goods. In case of dispute, a scenario that shall never be ruled out, it’s easier for the supplier to evade responsibility.

c. Quality Management System Certificate
A Quality Management System (QMS) is a set of rules and processes for monitoring quality throughout the production line. There are various standardized protocols, with ISO 9001 being the most common. If a QMS is applied properly, the risk of defective products is vastly reduced. In order to prove compliance with a QMS, which is required by many overseas buyers, a supplier can choose to go through yearly audits. A passed audit results in the issuing of a Quality Management Certificate. This is what you should be looking for:
Product Scope: The QMS is only valid for the products / product categories listed on the certificate. This shouldn’t differ much from the products specified in the business scope.
In principle, the same checkpoints apply as for the Quality Management Certificate. But, why is Social Compliance (i.e. BSCI) and Environmental (i.e. ISO 14001) Certification relevant? Apart from the obvious ‘feel good’ factor, you should consider the following:

1. Suppliers with BSCI and ISO 14001 have often ensured compliance to attract large overseas buyers. Such suppliers are more likely to maintain high standards in both technical and managerial terms.

2. Social and Environmental Safety matters, even from a strictly commercial perspective. You don’t want to be associated with suppliers guilty of labor violation and contamination of the local environment. The Chinese government has stepped up enforcement of environmental protection laws, in the last few years, resulting in crackdowns in entire industries. Last year I had the unpleasant experience of dealing with a shipment, held by a supplier who was forced to halt operations due to said violations.



Things about Taobao

{ 08:38, 26/10/2015 } { 0 comments } { Link }

Taobao is the biggest consumer-to-consumer (C2C) e-commerce platform based in China. You can get clothes, accessories, gadgets and even computer hardware taobao at very low (dirt cheap) prices. However, because the website is 100% in Chinese, this may be a barrier to those who want to shop but can’t make heads or tails navigating through the shopping process.

Well, we’re here to help. Here are few things you need to know when shopping at Taobao. We’ll cover how you can navigate this Chinese site, giving you a rough idea of the feedback system, how to use us Tao Bao agent (middleman service), and other factors to consider when purchasing an item.

1. Communication & Translation
Taobao’s navigation, item listing and overall user interface is in Chinese. However you can visit the English version now, or visit Agreetao:http://www.agreetao.com/. You can sear will include English keywords on their listings so, when you search for baby clothes, cardigan and so on, , you will get some results from the search engine.

2. Get Better Search Results
Like most search engines, you can sort results based on certain criterion (filters). At Taobao, you can sort results based on: Popularity, Sales, Seller’s Reputation, Newest Additions, and Price.
Within an item’s listing, you can sometimes choose an option (color or other specifications) as shown below and you can also know the seller's balance stock.

3. How to choosing a Reliable Taobao Seller
In Tao Bao, you need to pick an experienced seller who is trustworthy. To figure this out is to find out how many transactions they have processed, and successfully delivered. This can be viewed at the seller’s profile.
Sellers can also be ranked by buyers. The lowest ranks are hearts, followed by diamonds, blue crowns, and finally yellow crowns. A seller has to earn 5 of each rank before ascending to the next rank.

4. Understanding The Feedback System
You can also tell when they started their shop and the amount of positive feedback they received throughout that time. For us, this feedback is very reliable. Every-time you purchase please check the feedback.
However, if there are no reviews of that particular product, you can check out the seller’s overall feedback by clicking on the seller’s rating (heart, diamond or crown). Scrolling down, you’ll see the feedback given by people who have bought any of the seller’s items. This gives you a grand idea of whether the seller is trustable or not, before you purchase an item from him/her.

5.  Shipping
Most  of Taobao sellers do not ship overseas due to the language barrier and the lack of experience on the subject. Hence you need us to help you collect your item in China, you can send to our warehouse and we will do arrangement for you.

In the process of  purchase, you need to check the item is free domestic shipping service or chargeable. After the payment is made, most of the reseller will send the items within 24H or 72H.

Usually domestic shipment will take 3- 10 days to arrive warehouse house, and we will do necessary arrangement for you.

 



Buying Electric Scooters in Sydney

{ 02:33, 16/10/2015 } { 0 comments } { Link }

Electric scooters have gained a certain level of popularity in Sydney, as well as other major cities in Australia.  There maybe a number of reasons for this popularity.  As a 2-wheeled vehicle, it certainly is more practical than a car particularly around the inner city, and much cheaper to run.

As a retailer of electric bikes, we would like to encourage all practical types of alternative transport.  Had all things been equal, we would have loved to sell electric scooters in our store.

The main problem, however, and it is a major show-stopper, is that the revo-type electric scooters are illegal to ride anywhere other than on private properties.  Of course would ask: "What's the big deal?  So what it's not legal, what is the likelihood you would get booked"

To people who think along this line of reasoning, we would impart some words of wisdom.  If you ride an electric scooter, at some point you will get booked, it's not a matter of if, but when, and if you're riding around the inner city, it will be sooner than you think.  When it does happen, you will be surprised, perhaps shocked that the fine will be far more substantial than you would expect.  At the very least, expect to be fined for driving an unregistered vehicle, no different to if it was an unregistered car.  Along with a number of other citations, you could be paying over $1700 in fines.

We suggest it is not worth the risk, and that a street-legal alternative like a bike or an electric scooter street legal would serve you far better with your commuting needs.

So make a wise & informed decision that will serve you well for a long time to come.


Happy riding






Verifying China Company Imformation

{ 02:42, 14/10/2015 } { 0 comments } { Link }

How to verify China company registration number? I think many people were confusing with this question. When the ntional economy has developed so fast, making sure of your partner'imformation is so important. Here are some other steps you can take to verify china company imformation:

 1. Use all the contact information given to you. Call all the phone numbers and send messages to all the e-mail addresses to make sure they are all working and are being used. Also, use an online map search to determine if the address of the company is in existence.
 If the company does not give you contact information, or ask you to submit a form in order to contact it, do not use the company.

 2. If prices are too low to logically support production or just too good to be true, then the company is probably selling fakes. Avoid this company!

 3. Chinese companies should always let you order merchandise through Letters of Credit and allow deliveries to be made by formal companies. Be wary of companies that only accept TT or Western Union payments and only ship through generic postal services.

It may seem cut and dry, but you could always visit the company yourself and verify if it is legitimate. There are also companies you can hire that will do the same thing if you are not operating out of China.

LegalMall's services include: Company verifications, Certificate verifications, Legal documentation, Business registrations, Sourcing, Post-incorporation services, Factory audits, Specialised legal services.



Funny Target Alarm Clock

{ 04:20, 13/10/2015 } { 0 comments } { Link }

What wake you up everyday' morning? Maybe your mom, maybe you telephone. Many people has forgotten it-alarm Clock. Alarm Clock can also be a funny thing. Whether you have always wanted to shoot your alarm clock or you just like to shoot guns this alarm clock gives you the chance to get back at that wake up alarm. This can be for kids or adults alike or an awesome gift for that gunslinger in your family. Want more alarm clock, pls pay attention to Online Shopping Taobao Engliah-Agreetao:http://www.agreetao.com/

If you are one of those people who have a difficult time getting out of bed in the morning and your alarm just keeps ringing and ringing, you can now shoot it to turn it off. With this target alarm clock, if the alarm sounds for 3 minutes the target will pop up, with flashing lights. If you shoot the target it will stop the alarm.

You have the option to record your own alarm sound if you want to make something really cool. You can also set it on beginner where you just need to fire one shot to shut it down. Or you can set it to difficult mode where you need to hit the target 5 times to shut it down. If you don’t make your quota it will be like hitting the snooze button and the target will pop up again after five minutes.

This target alarm clock weighs 600 grams, is made of ABS plastic and requires #5 batteries to operate. This may otherwise be know as a gun alarm clock or shooting alarm clock.
Similar Products from this Agreetao Seller

This Agreetao seller has a wide selection of home accessories and home gadgets in their online store. If you are looking for an interesting and unique gift for yourself or someone else than check out all the other items from this online Agreetao shop.

If you are interested in purchasing this target alarm clock than you can find find out more about it by clicking here and visiting Agreetao right now.



The scooter you should never miss

{ 04:01, 12/10/2015 } { 0 comments } { Link }

So many people have been interested in electric scooter, and you can find kinds of scooter around yourself. Among these scooter, which one was the best choice for you? New item Airwheel electric standing scooter( http://www.escooterchina.com/products/Adult-Electric-Scooters-Standing-Scooter-2-Wheel-ESOI.html) A3 of A-series shows up with its distinct and also classy expectation and wise procedure to the public. Functions of high security performance, tiny size as well as several function will draw attention from more scooter-lovers. Airwheel two-wheeled self-balancing electrical scooter A3 will bring wonderful shock to cyclists' regular lives.

On 18 June, 2015, Airwheel came out with one new product-- electrical self-balancing sitting-posture mobility scooter A3. Its appearance indicates standing-posture is not the solitary design for mobility scooter any more as well as a new period of sitting-posture scooter is coming.

Airwheel A3 is equipped with 520wh battery, the using variety could get to regarding 25km on the basis of 1kwh each 50km when fully billed. The top speed of A3 is 20km/h, as well as the limit speed is extremely practical to readjust as riders' desire. A3 could be linked to cyclists' phones via APP, once connected, all information about it will reveal on the APP, then people can regulate A3 such as turning on lights, securing and also opening, GENERAL PRACTITIONER and also so on at their fingertip using APP.

The digital brake system of electrical self-balancing scooter A3 has high safety and security performance, bikers can brake quickly by remaining upright on the saddle or pressing the brake button next to the display screen with a 50mm quiting range. With collapsible pedal, the 2-wheeled electrical scooter A3 takes up just 0.25-metre-square space when parked. The most noticeable attribute of self-balancing scooter A3 is the saddle.

The development of Airwheel two-wheeled electric mobility scooter A3 makes a terrific advancement of typical standing-posture design, as well as ushers a brand-new period of sitting-posture 2 wheel electric standing scooter. Perfect equipment establishments and smart procedure ensure the security, meanwhile, make using more comfortable as well as amazing.

New product Airwheel electrical self-balancing sitting-posture scooter A3 of A-series appears with its distinct and classy overview as well as clever procedure to the public. Airwheel two-wheeled self-balancing electrical mobility scooter A3 will certainly bring wonderful shock to bikers' average lives.

A3 can be attached to riders' phones via APPLICATION, once linked, all information about it will reveal on the APPLICATION, then individuals can control A3 such as turning on lights, locking as well as unlocking, GENERAL PRACTITIONER and so on at their fingertip via APPLICATION.



Cnbizsearch: Ensure Information of Chinese Company

{ 04:22, 10/10/2015 } { 0 comments } { Link }

Business credit is very important when doing business around the world. While establishing business operations in China, finding local business partners and customers must be a major task. As well as the challenge of reaching out to a new business community, how can you be confident in the honesty of your potential partners?  How can you check that the company really has the scope and capabilities claimed? If you find out that your intellectual property in China has been infringed (your product or trade mark has been copied) how can you start to research the infringer?

China company information is publicly available and can be accessed via the electronic database of each local Administration of Industry and Commerce. This search can reveal, amongst other details, if the company is an officially registered company in China, who can legally represent the company and sign contracts on behalf of the company, what the business scope of the company is, and where the company is located.

Why should I do the search?

This search is relevant to any EU SME who is searching for, or is approached by, a potential Chinese business partner, or is dealing with a (possible) infringer of their intellectual property.

Possible examples of situations in which you can do the search in order to find the official registered basic information of a Chinese company include:

*   Hope to produce in China and you are looking for a Chinese manufacturer;
*   Hope to have a distribution partner to sell your products on the Chinese market;
*   Hope to license your technology to a Chinese company;
*   Hope to engage in R&D with a Chinese company;
*   Considering entering into a joint venture or a merger and acquisition;
*   You have discovered the name and location of a company that infringes upon your IP, and you want to know more about that company, for example their address, information
about their shareholders, or the amount of their registered capital, in order to decide if you want to take action to enforce your intellectual property rights.

This guide will provide you with information on  how to obtain the information from the database, what the information means and how you can use the information.



Useful Accessories for Travel

{ 04:40, 9/10/2015 } { 0 comments } { Link }

You used to take use of that round-the-world fare and left your packing until the last minute. No worries. Here's a checklist of 25 useful items, gadgets and accessories you'll need in your trip. It's easy to find them in travel accessories store,go ahead!


Merino Wool Base Layer

Master marketers in Australia and New Zealand have done well to extol the magic of Merino wool worldwide. In reality, base layers – from shell shirts to thermal underwear – made of the stuff save your skin on planes and in chilly climes.

Flexible tripod

A tripod is one item most casual photographers think they never need … until they need it. Flexible tripods pack easily, work wonders in a pinch and prove ultra-handy in the rainforest, on the beach or in the city.

Pocket trench

A fashionable, travel-specific trench with ample pockets is a wise purchase. A comfortable jacket with room for all your vitals frees up the need for extra bags.

Portable e-reader

The best gadgets save space and, indeed, save and kill time. With a portable e-reader, you can keep the novels at home and store them on one skinny screen.

Cashmere socks

Whether you pound pavement or scale mountains, foot comfort is paramount while abroad. Cashmere socks cost a pretty penny but make a superb investment.

Tablet computer or smartphone

A good tablet computer or smartphone is a home office, entertainment console and communications device all-in-one. Perfect for planes, in hotels, cafés and the beach, they have become the defacto essential gadget.

Laser keyboard

And to go with that tablet or smartphone, a handy laser keyboard. Comes in a tiny cube and emits a realistic QWERTY keyboard on any surface.

UV water purifier

Turn almost any tap or natural water source into potable water in seconds and safely hydrate.

Noise-canceling headphones

Noise-canceling headphones tune out the din of planes, terminals and urban life and let you concentrate and observe in silence.

Circumaural headphones

If, however, you prefer some tunes, a good set of circumaural (full-size) headphones will give your digital music some punch.

Flash drive

Be efficient on the go and store important documents, images, music, videos and other files on a nifty flash drive for rapid access anytime, anywhere.

Multi-tool

A sturdy and portable multi-purpose utility tool is a common sense item too few forget at home. Just remember to check it before you pass security.

All-organic hand sanitiser

Most hand sanitisers reek of chemicals and do more harm than good. All-organic brands are healthy alternatives and travel well.

Sleep mask

On epic, trans-oceanic flights, a good sleep mask helps ensure that your nap is deep and restorative.

Retractable cable lock

Lock up your bags securely with a strong, easy to store retractable cable lock and relax at hostels and dodgy bus terminals.

Smart travel containers

A funky, colourful set of travel containers is a cool way to store personal care items and demonstrate to airport security personnel that you respect the 100 ml limit on liquids at the same time.

Travel adaptor

You took a trove of gadgets with you but forget the travel adaptor. Now you have 12% battery life left on your tablet and the only electronics store is 225 km away.

Power strip with USB port

Because you can never have enough plugs.

Notepad and pens

Sure, tablets and smartphones rule but paper and pens have not gone the way of the Dodo just yet.

Medical kit

Forget what you think you know about travel medical kits. The new ones on the market look so cool you may just cut yourself on purpose. Resist the urge.

Comfortable walking shoes

Walk the streets of Tokyo, Paris and New York in style while ignorant tourists traipse about in stilettos and plastic clogs.

Lavender oil

One item sure to not be in that trusty medical kit, however, is a small bottle of lavender oil. This superstar essential oil is spectacularly useful – it soothes stress, relieves headaches and is a stellar anti-bacterial, anti-fungal and anti-viral agent. Use it on cuts, scrapes, burns and dry skin.

Travel wallet

We rarely, if ever, use a wallet at home but when we travel, a multi-purpose, utility wallet is a good tool.

Daypack

One small-ish travel bag is all you need by day if you know how to pack-and if you invest in a good one.

Durable waterproof

Preferably a lightweight jacket that repels both wind and water. In this case, you do get what you pay for.



How Fun With Segway!

{ 02:50, 28/9/2015 } { 0 comments } { Link }

Segways were really cool, and I really wanted to play with one. Sometimes I even begged to ride the one at the Macromedia offices on a few of my visits, but it was always in another building, or otherwise unavailable (I think they just didn't trust me with their expensive toy).

So, when Segway called me up and invited gskinner.com to design and build a mini-site for their brand new product line, I jumped at the chance. Work with a super cool, progressive client, building a site for an unreleased techno-gadget? Count me in.


As part of the project, they flew me in to New Hampshire to meet the team, and play with the new toys. There's a lot of really smart, personable folk at Segway, working on some really neat projects. Some of the work is targeted at consumers, like the newly announced i2 and x2 human transports and a lot of it is experimental, like Project Centaur and the Robotics Mobility Platform.

I had a really fun visit. The new product is awesome. In particular, the lean steering is incredibly intuitive, unlike the old handle-twist steering. The new machines also look a lot sleeker, have better security, and the wireless keyfob is pretty neat. I also got to ride the Centaur, which is basically a 4 wheeled, high-speed Segway – it's a little tricky to operate in it's current (experimental) state, but it's a really neat idea with a lot of potential – it's pretty sweet to be able to tear around in an ATV, then pop a wheelie to drive around balanced on two wheels. And people can buy cheap Segway online, it's convenience.

Segway's corporate culture was also really fun and creative. Every few weeks they have experimental Fridays (they had a good name for this, but I forget it), where the engineers run to the hardware store, buy some cheap parts, and whip something together in one day. I would have loved to have witnessed one of these, as they sound like a ton of fun. I've got to try to figure out how to squeeze out the time to do something like this in the office once a month with Flash. Teams of two or three building an experimental piece with the latest Flash features for a day.

Anyway, if you haven't already, head over to Segway.com and check out the new line.

cheap segway



Taobao Agent: Online China Shopping Service

{ 02:34, 24/9/2015 } { 0 comments } { Link }

What is included in our China Taobao shopping service?

Online Shopping Taobao English, China online shopping and sourcing: since Taobao.com has no English version web site, we help you to search Taobao in English. In case you can’t find some specific items on Taobao.com or other online web sites in China, we can assist you in searching and providing item information in English – just ask us. Taobao.com is China’s largest online marketplace, that is why we give the priority to Taobao shopping service, but you can also ask us to search your desired item at the following Chinese web sites: alibaba.com, agreetao.com, eachnet.com, paipai.com, dangdang.com, amazon.cn, vancl.com, 360buy.com and other Chinese online shops or shopping websites.

Taobao buying agent: we help you buy from China online all kinds of products at the best or lowest prices. While buying online from China may be quite difficult (web sites in Chinese language, payment with China Alipay or Chinese local bank account, no international Visa, Mastercard accepted by Chinese sellers, etc.), with our Taobao shopping service, we make your China online shopping feasible, cheap and easy. When we buy from Taobao.com on your behalf, we consult you regarding sellers reputation, items quality and overall order process and time. We ensure that you get the items exactly as you have ordered and combine all the products for international shipping from China directly to your place.

China logistics and quality control service for items that you buy from China online: When we purchase from Taobao.com for you, we receive all the products at our warehouse where we do quality check (if items are in good condition, as described, etc.) and combine everything for international shipping. In some case you want to ship your Taobao items to different places, so Taobao shopping service offers the possibility to regroup the products in separate parcels. Please notice that usually we are not able to check electronic appliances because they are often under warranty and we might break it while misusing. Therefore, on your special request, we can check some of goods (i.e. cell phones, camera).

Taobao dropshipping: with our buying service it is possible to drop ship from Taobao. As stated on Wikipedia: “Drop shipping is a supply chain management technique in which the retailer does not keep goods in stock, but instead transfers customer orders and shipment details to either the manufacturer or a wholesaler, who then ships the goods directly to the customer”. In other words, when you are doing business of Taobao, everything you buy from China online with our Taobao shopping service can be shipped to the address other than yours and we will not clearly disclose the origin of goods. Thus, with Taobao agent you can send the gifts to your family or friends in China or overseas, or you can do your business by sourcing and buying from Taobao.com and dropship the products directly to your customers internationally.

Taobao international shipping from China: we offer the most competitive prices for China overseas shipping from Chinese websites. Taobao agent can deliver your goods from China to nearly all countries in the world. As for today, with our shopping service the parcels have been shipped from China to the following countries: Argentina, Australia, Austria, Belarus, Brazil, Bulgaria, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Honk Kong, Hungary, Indonesia, Ireland, Israel, Italy, Kazakhstan, Latvia, Lithuania, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Serbia, Singapore, Slovakia, South Africa, Spain, Sweden, Thailand, Turkey, Ukraine, United Arab Emirates, United Kingdom (UK), United States of America (USA), Vietnam.

If you need a specific Taobao service that was not mentioned here, please send us a request and we will do our best to help you.

 



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