Saturday, 13 August 2016

Top 10 best China cities for start-up businesses

Chinadaily News: A list of 'Best cities for start-up businesses in Chinese mainland 2016' was jointly released on July 12 by Biaozhunpaiming, Tencent Research Institute and UR Work.

The list was made based on three criteria for start-up businesses - popularity, policy environment and intelligent support. Beijing tops the list with the highest score 96.448, almost 36 points higher than the second runner-up Shanghai.

Here is the list:

1 Beijing
Score: 96.448

2 Shanghai
Score: 59.2638

3 Shenzhen
Score: 51.2196

4 Hangzhou
Score: 42.1493

5 Guangzhou
Score: 41.2384

6 Tianjin
Score: 38.8829

7 Wuhan
Score: 36.1946

8 Suzhou
Score: 35.9827

9 Nanjing
Score: 35.5945

10 Chengdu
Score: 34.0449

Edited by STIN Sourcing Team

Monday, 27 June 2016

2016 Top 10 Social Media in China

Social Media, such as Facebook in the outside world, of Europe, USA and other parts of Asia has been also a hit in China.

However, the Chinese Internet Business has their own brand of Social Network. Running with hundreds of millions of users or subscribers, these media is a Gold mine to the e-Marketing Managers.
According to the market survey from Bosi, a local information agent in China, here is the TOP 10 Social Media in 2016:











You can use above social network platforms to market your items or services in Mainland China.

Source: STIN service team

Wednesday, 22 June 2016

Importing From China - Things That You Need to Know

Setting up a business comes with lots of responsibility. Once you're up and running, staying on top of your day-to-day operations can be a lot of work, and sourcing products to sell takes up valuable time and resources. China remains one of the world's most popular destinations for sourcing across every product category,but its unique marketplace can be difficult to negotiate if you know nothing about the business environment there.At every stage of the procurement process, it's important to get to grips with the peculiarities of the Chinese business world.

Selection of a qualified supplier

There are many ways for you to find out some qualified suppliers in China, the traditional way is to go and meet them at local trade fairs, say, Canton Fair, one of the largest trade fair on the globe.The best way to find some qualified suppliers is to source them at local manufacturing bases,in China, each city has their pillar industries, thus there are tens of hundreds of different manufacturing bases in China, please click here to find out some popular manufacturing bases in China.The most cost-saving way to source Chinese suppliers through online B2B platforms like Made-in-China,Globalsource or Alibaba etc, which allows you to search through high volumes of suppliers using a range of different criteria. It's fast, effective and will make it far easier to single out a few promising prospects from the thousands of companies out there. However,there might be lot of business scammers online as well,they can create anything online,some Chinese companies may have an untranslated or poorly translated website that doesn't tell you all you need, so if you can enlist someone to help you search in Chinese it could a worthwhile step.

Contact these suppliers, explain your business and get a sense of who is genuinely interested in you as a customer. The ones who reply promptly to emails and have all the information you ask for on hand are worth holding onto. Give them a detailed specification and ask for samples - and when they arrive, make sure you check the packaging and instructions as well as the build quality. Do they understand and meet all the right certification requirements for the market where you'll be selling the products? Are you sure that your supplier is a qualified factory? If you're not sure, you can simply check out their registered information with local officials or a Company Verification service from local experts in China.

Auditing of Chinese suppliers

In China,not all the factories or trade companies have the right or qualifications to do business with the overseas partners directly. On the one hand,some small factories or trade companies do not have their own Export License,they have to work with a qualified export agent to 'sell'their items. So legally a qualified exporter or export agent is your direct business partner in such cases. On the other hand,each exporter has their own business business scope, no exporter can export anything whatever you need, some items need special export quota or licenses from the government. If your order is small, you can try to verify their business license and export qualifications with local officials or verify them via a local expert in China like STIN. If your order is large enough, then an on-site third-party factory or supplier inspection service is very important to stop you from future trouble before you place any orders.

Communication with the suppliers

The most important skill you can learn is negotiation. Haggling over the price, minimum order quantity and other terms of your order is far more common in China, and if you're willing to drive a hard bargain you can make real savings from original quote.

Chinese manufacturers usually work on thin margins and quality does have a price, so don't get obsessed with chasing the cheapest price. Equally, you need to be realistic in your order estimates so they can work out exactly what they need to charge to avoid losing money.

Ideally, you would communicate in the same language; hiring a translator is often a necessary step. However,whenever you communicate, always make sure you send follow-up emails in which you reiterate what has already been agreed and ask them to do the same- this will cut down on the adverse impact of the language barrier.

Of course, you also need to make sure you have a contract drawn up by a legal practitioner or a professional purchasing agent in China who has good knowledge of Chinese trade so the terms are enforceable and comprehensive.

In the event of anything going wrong, it would be ideal to discuss the issue over dinner. But of course, that's unlikely to be an option, so Whatsapp, Wechat or Skype or something similar is the next best thing. Be prepared to wait until the end of the conversation to raise the difficult subject.

Quality control management

If you can visit the factory at least once during production, then do so before the order is shipped. Alternatively, if you'd like to save more time and cost, you can consider hiring a professional QC inspection company or sending a qualified person whom you trust. It may seem like you're wasting time and resources, but it will not be frowned upon in China and is vital to make sure everything is running smoothly.

Either way, you should already have an idea of the kind of quality to expect from the samples you've approved.

Payment and delivery

Paying in instalments and hold some back until the shipment has been delivered - a 30-70 percent split between order and delivery payments is common, but this is negotiable if you want to pay less upfront or increase the number of instalments so that some payment changes hands when the goods are received.

One of the most common arrangements in terms of shipping costs if “FOB Shenzhen”, where the supplier pays to get the goods to the port of Shenzhen and then you take over. But of course, this is up for discussion if you'd prefer different arrangements.

Generally, your main delivery options are by air or sea. Air transport is a better option for small volumes or high values, or even if your products happen to be small and delicate - it's faster and can often reduce the risk of damage. Ocean shipping takes longer but is better for bulky and heavier goods. Using a reputable logistics service is vital, since they'll usually be able to manage the whole process for you.

Take the hassle out of sourcing with the ONE-STOP STIN buying office service.

STIN buying office or purchasing agent service can solve the problems for the clients from the beginning to the end, covering: Selection of qualified suppliers; Payment Risk Control; Quality Control; Shipping and Logistics Support; and even after-sale services etc. By taking the stress out of sourcing your products, you'll save valuable time and resources that you can devote to your business. Find out more about how STIN services could help you here.

Source: Alibaba Forum and STIN service team

Sunday, 8 May 2016

China plans platforms to bring manufacturing and internet together

China aims to build internet platforms for manufacturing companies and third-party service platforms for small and medium-sized enterprises to boost mass entrepreneurship and innovation, said Xin Guobin, vice-minister of the Ministry of Industry and Information Technology, on Friday.

Xin said China wants manufacturing enterprises and internet companies to have better cooperation and combine manufacturing resources well with internet platforms.

Xin said State-owned enterprises are encouraged to set up innovation and investment funds and regional industry investment funds and social capital will also be brought in to support internet platform construction, innovative idea incubation and commercialization of research findings.

An executive meeting of the State Council presided over by Premier Li Keqiang on Wednesday made the decision to set up innovation and investment funds in addition to looking over the integration of internet and the manufacturing sector.

Friday, 8 April 2016

STIN Group: China to be the largest exporter for used cooking oil in the coming 5 years

Around 10 factories in China has obtained ISCC EU certificate as of today,even one supplier in Anhui exported 100000 containers of waste cooking oil within only one month last year.

China used cooking oil is the best raw material for bio-diesel production in Europe.

STIN UCO, short for STIN UCO RENEWABLE ENERGY CO. LTD is a part of STIN GROUP, STIN UCO focuses exclusively on the business of Used Cooking Oil, covering the collection, refinement, development, processing, manufacturing and export of all kinds of used cooking oil in China. STIN UCO factory is located in Shenze county, Hebei province, we have used cooking oil collectors working for us in Beijing, Chengdu, Sichuan, Henan and Shandong etc
UCO factory has been certified with ISCC and STIN UCO is striving to be the largest UCO collector, producer and exporter in the coming 5 years. STIN UCO has been successfully exported tens of thousands of containers of UCO to UK and European market so far. STIN UCO factory is able to collect and produce around 5000 -- 10000 tons per month at present, depending on the specific product details from the clients worldwide. 

Here are the regular used cooking oil indexes (specifications) that we are exporting to European market at present:  
1.FFA (free fatty acids): 5% Max
M&I (moisture and impurities): 2% Max
Iodine Value (IV): Min 80 G IOD/100G
Sulphur Content: Max 30 MG/KG
2.FFA 5% max
M.I. 2% max
IV 85 min
Sulphur 50ppm max
3.Free Fatty Acids - max 5%, 
Impurities - max 1%
Water - max 1%
Sulphur - max 50 ppm
Idoine Value min 85+
Polyethylene max 50ppm
4.FFA (free fatty acids): 3% Max
M&I (moisture and impurities): 2% Max
Iodine Value (IV): Min 80 G IOD/100G
Sulphur Content: Max 30 ppm
Water content: 1% Max
Insoluble substances: 1% Max
Unsaponifiable: 1% Max
Polyethylene (PE): 50 ppm Max
5. FFA (free fatty acids): 2% Max
M&I (moisture and impurities): 1% Max
Iodine Value (IV): Min 75 G IOD/100G
Sulphur Content: Max 40 MG/KG
6.FFA (free fatty acids): 2% Max
M&I (moisture and impurities): 1% Max
Iodine Value (IV): Min 80 G IOD/100G
Sulphur Content: Max 35 MG/KG

China still remains largest market for luxury goods

BEIJING - Luxury market observers say that China, the world's largest market, looks likely to continue to make up for the weaker demand elsewhere.
Today, Chinese shoppers account for nearly half of the global luxury market, providing an invaluable demand to brands in every segment. Data from Fortune Character Institute, a Shanghai-based luxury research consultancy, show China's luxury spending in 2015 totalled $16.8 billion, up 9 percent, year on year.

Observers find that educated, well-traveled and tech-savvy younger generation shoppers are emerging as the new target market.

"The Chinese customer is becoming a lot more global,"said Andrew Keith, president of Lane Crawford, the high-end fashion retailer headquartered in Hong Kong."There's a real thirst for newness."

They also find that Chinese consumers are shifting from visibly branded goods to a focus on quality.

"Our research found that 39 percent of wealthy Chinese think the logo is no longer the priority," said Tina Zhou of the Fortune Character Institute. "Now they buy luxury goods for their own enjoyment. Niche high-end brands as well as bespoke products, as a result, are becoming new drivers of luxury consumption."

Keith said women's wear is the fastest-growing portion of the company's mainland China business, accounting for 50 percent of sales.

Saturday, 12 March 2016

Top 10 key investment fields in China's 13th Five-Year Plan

Beijing -- The People's Congress and the Political Consultative Committees of China are holding the so-called "two sessions" meetings in Beijing to discuss the development goals and policy methods to achieve them for 2016 and the entire 13th Five-Year Plan period(2016-2020).

The draft outline of the 13th Five-Year Plan on national economy and social development was presented on March 5 to the Fourth Session of the 12th National People's Congress for review.

Let's take a look at the 10 key investment fields in the 13th Five-Year Plan:

Agricultural modernization;

Intelligent manufacturing;


Environmental protection and eco-friendly goods;

Clean-energy autos;

Internet Plus and 5G telecom technology;

Reform of State-owned enterprises;

Belt and Road Initiative;

Building world-class city clusters in the Beijing-Tianjin-Hebei region;

Healthcare and retirement;