Access to China

Sourcing from China

Sourcing from China

Start trading in the Chinese markets

Ranging from consumers, wholesalers, agents, and factories, from raw materials to the products in the hands of the consumer. Access to China, a UK based company, has been operating in the Chinese markets for over 20 years with over 100 years of experience among our staff.

Over the last ten years, China has moved most of its trading online. Given the size of the country and cities and 1.4 billion people, the Internet has allowed the country to grow its internal markets. This has allowed consumer prices to be driven down and quality to be greatly increased. Given these and many other benefits, the adoption of Internet technology has been fast in China.

This adoption of new technology does not stop with the internet; green technology adoption is growing very fast. Green tech is seen in China as cheaper, fastest and functionality richer. The Chinese government are driving the development due to the high pollution level in China.

Green technology our focus for 2024. Today, China is the world's largest producer and user of Green technology.

 

Largest online market

Access to the world's largest market

Overseas social media is not available in China. Having your website seen and found is critical to successful business relationship building in China.

Many regions and countries worldwide speak Mandarin, i.e., Taiwan, Singapore, Malaysia, California, Hong Kong, Vietnam and many more. Adding Mandarin language to your SEO data can open your website to trading worldwide beyond China. The Chinese market goes way beyond the 1.4 billion people living in China.

Given the importance of being seen on the internet in China and Chinese markets worldwide, Access to China focus of our business is getting your business, products and services seen online in China.

Chinese green technology

Chinese green technology

Green Technology is key to most businesses’ growth in the next five years. Chinese Green Technology has been developing rapidly, given consumers and government demands to reduce China's high pollution levels.

Green technology is key to most businesses’ growth in the next five years.

The development of Green Technology is starting to give greater efficiencies, reduce costs, and increase productivity, i.e., electric vehicles; greatly reduced operating costs, greatly improved performance, and improved safety.

We believe Green Technology should give you more, not less.

 

Sourcing from China

Sourcing products and services from China

For the last 40 years, China has built up its manufacturing base to be one of the most successful in the world.

In recent years, the growth of the Chinese domestic consumer market has increased imports from overseas of high-quality products. In turn, this has driven up the quality of locally produced products. Today, China is moving towards better quality products.

Lower-quality products are moving to other Asian countries.

The global issues, starting with the virus in early 2020 and continuing today with conflicts around the world, resulted in a rethinking of supply chains. The repatriation of manufacturing back to your country using China's production know-how is an option for consideration.

 

Chinese information

Chinese trading information and recommendation

Access to China information and recommendations for your consideration to support your Chinese trading ambitions. In our trading in China for over 20+ years, running and operating Chinese businesses, we have gathered lots of information and recommendations.

  • Short video presentations (coming February 2024)
  • Internet in China information
  • Papers and reports
  • Useful links

We are happy to share this information and are always interested in adding to the pool of information. Any ideas, requests or information, very well.

 

Transfer money to and from China

Transfer money to and from China

Transfer money to and from China check list

Can a Chinese citizens take / transfer money overseas?

Chinese citizen has a limitation on the amount of monies they can transfer overseas. It is approximately $40,000 per year per person: this was at the time of writing October 2017.

A Chinese person can take monies in cash or hold monies in overseas currencies in bank Chinese account and credit cards.  This enables a Chinese citizen to make overseas purchases on Chinese credit cards when overseas. Normally using as credit card processed by Union Pay; not Master Card or Visa.

Using these credit cards also enables Chinese citizens to purchase goods from overseas websites provided they can process a Union Pay transaction.

This arrangement enables Chinese people to travel world-wide or put their child through overseas education, etc.

Chinese citizen do need to register any overseas interest, monies, property, etc. This is same for most countries where overseas interests need to be declared for taxation, etc.

In general, it stops large sums of monies been moved overseas form China without local Chinese authorities’ agreement.

Business transferring monies to / from China.

Businesses, in the main, can freely trade with Chinese business. A main part of China success story over the last 50 years is China world-wide trading. To that end, if the rules and regulations are followed then the transfer of monies in and out of China will be successful.

1. Purchasing of goods from China.

When purchasing goods from China the agreement is arranged and processed in China by a Chinese export agent. Therefore, you often see two businesses involved on a Chinese trade show stand; the supplier / manufacture and the Chinese export agent.

Payment terms will always be in overseas currency; normally $us. If the payment is made in Chinese RMB the Chinese export agent will not be able to claim back the sales tax from the government.

The Chinese export agent will raise the papers with authorities which includes submitting the sales agreement to the bank. The bank will then be able to accept overseas payment and pass it on to the Chinese business in Chinese RMB.

2. Purchasing goods from overseas counties.

This in the main is the same process as purchasing goods from China. A Chinese export agent is appointed by the Chinese business making the purchase.

The Chinese export agent will raise the necessary papers to enable the import which includes registration of the purchase agreement with the Chinese bank. Once the bank has accepted the agreement overseas payments can be made provided the terms of the agreement have been met with supporting papers.

When trading goods to / from China all counties involved have an audit trail of the transaction through customers and therefore monitoring and controls are straight forward.

This becomes more complex with trading in services where no goods physically move.

3. Purchasing of service from China.

This is most underdeveloped market currently. Most examples of services purchases from China will be relating to travel or Chinese information technology services.

Most of the purchases from China is for goods and therefore any service fee e.g. export agents, shipping insurance, etc. are charge as part of the cost of purchase.

If services are purchased from China the Chinese business will register the agreement with the Chinese bank. The payment can them be received by the Chinese bank / Chinese business.

4. Purchasing of services from overseas.

The purchasing of services from overseas between businesses is straight forward.

The service agreement is registered with the Chinese bank. If the agreement is accepted by the Chinese bank payments can be made on confirmation that the services have been provided and the invoices are summited to the bank for payment.

If large sums of monies are involved we recommend taking advice from a large Chinese export agent and local Chinese legal business. Make a local legal appointment to look after your Chinese interests.

The purchase of overseas services by a Chinese citizen e.g. school fees, is again straight forward provided the purchase value for the year stays within their $40,000 pa. By using their credit card to pay the transaction is straight forward provided the overseas business can process Union Pay.

Transferring monies between businesses that owned / partly owned by overseas company

You can transfer monies in and out for China provided that the correct papers have been created and agreed by authorities and bank at outset of your Chinese business.

Our recommendation when setup an investment in a Chinese business that you appoint someone you trust with good local Chinese trading knowledge and experience. Keeping up with the rules and regulations takes time and money.

Most of the problems is transferring monies between companies is due to papers not been correct or misunderstanding in the rules and regulations.

Please note;

Some overseas banks will hold Chinese RMB currency account. While there may be a currency conversion reason for doing this, it has limited commercial use as you can only spend Chinese RMB in China and the Chinese export agent do not like trading in Chine RMB.

The RMB exchange rate is fixed by the China authorities to $us. This rate is changed from time to time normally only by few percent. Therefore, the amount of monies you receive in your local currency will depend on the Sus exchange rate.

Web page last modified: September 2018