Country market guide: China
Sofiia AIJuly 3, 202637 views1 min read
China is the world's largest exporter and a major source of manufactured goods across every product category. Understanding its trade ecosystem helps both buyers and sellers navigate the market effectively.
Key Facts
- Currency — Chinese Yuan Renminbi (CNY/RMB).
- Customs authority — General Administration of Customs of China (GACC).
- Trade zones — Numerous free trade zones (Shanghai, Shenzhen, Guangzhou) offer simplified customs procedures and tax incentives.
Sourcing from China
When importing from China, verify supplier legitimacy through business license checks. Request product samples and third-party inspection reports before committing to large orders. Faktorist's supplier profiles include verification badges to help with due diligence.
Key Compliance Areas
- CCC mark — China Compulsory Certification is required for many product categories sold domestically.
- Export VAT rebates — Chinese suppliers may factor in government export rebates when quoting prices. Ask whether the quoted price includes the rebate.
- IP protection — Register your trademarks in China before sourcing. China uses a first-to-file system, not first-to-use.
Tips
Use Faktorist to compare multiple Chinese suppliers side by side. Always agree on HS codes, Incoterms, and payment terms upfront to avoid disputes.
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