Due to the global epidemic caused due to COVID-19, the recent period has been particularly difficult for businesses. The conflict between Ukraine and Russia has added another factor contributing to the recession. Many have been forced to fire employees, change their hiring strategies, reduce their budgets for recruiting, and re-evaluate who and when they hire.

Are you interested in importing consumer electronics made in China for your retail, wholesale, or online businesses? Are you aware of which city is referred to as China's Silicon Valley? Welcome to Shenzhen, a city in southeast China that is well known for its technological goods and makes up the eastern portion of the Pearl River Delta. Shenzhen is home to the world's largest electronics market and numerous manufacturers. The Shenzhen River and Sha Tau Kok River form a natural boundary with Hong Kong. South of Guangzhou, Shenzhen is around 136 kilometres away.

If you are new to the importing business and are looking for Chinese suppliers, then you might be confused about how to search for genuine ones. If you search online, you will be flooded with a lot of options, making it difficult for you to make a choice. When it comes to your business, you do not want to take the risk of choosing the wrong product sourcing service. There are many sources from which you can find reliable suppliers for your product.

The Chinese market is still a mystery to any consumer who is unfamiliar with Asian business culture, despite the growth of internet platforms like Alibaba, Made in China, and Global Sources. The commerce between Chinese suppliers and foreign purchasers is complicated by the physical proximity, the language barrier, and also the variations in commercial interactions, which raises the possibility of fraud.

The concept of buying customized product in China is ideal for companies who wish to take advantage of low pricing and decent quality for the products they buy. When it comes to electric appliances, consumer electronics, metal and plastics, the majority of things we see on the market today are made in China, which can make perfect sense in case you are a businessman looking to directly source from China to avoid the middleman.

The business dynamics of the world keep on changing because of several reasons and with the advent of internet, particularly direct sourcing has now become one of the most dominant trends in almost all industries of the world. This business approach, help reduce the FOB price as buying from the factory directly can enable you to buy at a reduced price and it becomes possible to eliminate the many different margins that all the trading companies often demand while making procurement of any kind of finished or raw materials.

As we are now living in the age of the internet, it has become very convenient to connect with any part of the world easily, which was not possible before. The entire world has now turned into a global village, where you can import and export various products as easily as was ever before. China is a country with a huge population where the labour cost is extremely cheap as compared to anywhere else in the world. Therefore, manufacturing in that country can help you save a great amount of money as compared to doing the same in your own country.

Many companies have become international today. These companies are looking for a way to globalise their products and also to take the benefit of global sourcing. China is the manufacturing hub with the best production centres in the whole world. Hence, hundreds of businesses choose this manufacturing hub to get their products made in China without spending more than their budget. Low labour cost for work in China is one of the many factors that has made many big brands choose this country as the source of their product manufacturing. The domestic value for marketing any product has reached its peak in some countries, and China has become the best source for manufacturing and also marketing the products at affordable prices.

China has now emerged as the manufacturer of all kinds of industrial as well as consumable products of reasonably good quality at very attractive prices. Therefore, all businesses of the world now prefer China direct sourcing. However, for any American or European businessman, it can be a tough call to manage this venture so smoothly. Firstly, China is located at the other end of the globe, and also the business culture of China is entirely different from Western countries.

Whenever you decide to place an order for certain consumer electronics made in China, often the issue of MOQ may come up. The price of any product will depend on this factor. Quite a few of you may be taken aback as may not have heard this term and are not aware of its significance. Often you may also need to do a very hard negotiation of MOQ to finalize the deal. Now let us try to understand what this MOQ is all about and why it is so important for most of your suppliers.