Top 5 best-selling wearable devices brands

Thanks to the Apple Watch, Apple has become the second best-selling wearable devices brand in the world, leaving the tech giant just behind Fitbit, the latest data showed. Fitbit sold 4.4 million wearable devices in the second quarter this year, remaining top of the list, according to industry research firm IDC, followed by Apple with 3.6 million.

Xiaomi ranked the third by owning 17.1 percent of the market share, said the report.After three years of fast growth, the wearable devices industry has entered maturity, where challenging dominant players will become increasingly difficult, said analysts.Here's a list of the world's top 5 best-selling wearable devices vendors, compiled by the IDC.

1. Fitbit

Shipment volume in the second quarter 2015: 4.4 million

Market share: 24.3%


2. Apple

Shipment volume in the second quarter 2015: 3.6 million

Market share: 19.9%


3. Xiaomi

Shipment volume in the second quarter 2015: 3.1 million

Market share: 17.1%


4. Garmin

Shipment volume in the second quarter 2015: 0.7 million

Market share: 3.9%


5. Samsung

Shipment volume in the second quarter 2015: 0.6 million

Market share: 3.3%

Top 10 products China manufactures most on the globe

China is good at making many things, from shoes to mobile phones, clothes to computers, and toys to ships. Now the country has a 10-year national plan, Made in China 2025, which makes the world's second-largest economy ever more poised to move up the value chain and turn itself from a manufacturing giant into a world industrialized power.Here we detail some products, of which China makes the most.

No 1: Personal computers
China produced 286.2 million personal computers in 2014, accounting for 90.6 percent of the world's total. The per capita production was 40 times the average of other parts of the world.

No 2: Air conditioners
China makes 80 percent of the world's air conditioners - that's 109 billion annually. Per capita production is 17 times the average of other parts of the world.

No 3: Energy-saving lamps
The country's 4.3 billion energy-saving lamps account for 80 percent of the global total,with each person producing 3.2 lamps annually - 16 times the average of other parts of the world.

No 4: Solar cells
Overall capacity of solar cells hits 21.8 million kW annually, 80 percent of the world total.


No 5: Mobile phones
China makes about 70.6 percent of global mobile phones, 1.77 billion annually. Per capita phone production is 10 times the average of other parts of the world.

No 6: Shoes
The number of shoes made in China annually reaches 12.6 billion, taking up 63 percent of the world's total. Its per capita production stands at 10 pairs, about eight times the average of other parts of the world.

No 7: Cement
China annually produces 1.8 billion tons of cement, which accounts for 60 percent of the world's supply. Per capita production is more than six times the average of other parts of the world.

No 8: Pork
Pork bred by China contributes 49.8 percent of the total worldwide, hitting 1.5 million tons annually. That means for each person in China 40 kilograms are produced annually, six times the average of other parts of the world.

No 9: Coal
The country produces about 1.8 billion tons of coal (oil equivalent) annually, taking up 48.2 percent of the world's total. Its per capita production is also triple the average of other parts of the world.

No 10: Ships
China builds about 766 million tons of vessels annually, accounting for 45.1 percent of the world's total and triple the average per 1,000 people in other parts of the world each year.

Two more fake Chinese importers discovered

Here are the two more Chinese fake importer (scammer) reported by K&S Pallets, Australia on July 29,2015:

XI AN QO IMP & EXP TRADING CO.,LTD
Add: No.268 Youyi East Road, Xi An City, Shanxi, China
Tel:0086-29-62908122
Fax:0086-29-62905122
Website: www.chinaqinou.com

HAZF INTERNATIONAL (HK) CO.,LTD
Tel: 0086-755-32840029
Website: www.hazfil.com

How they TRAP you STEP by STEP ? 

First: Use automatic group mailing software to send you attractive offers and inquiries, with created official websites and email boxes. Formal documents, formal address, websites and bank accounts etc, everything seems to be normal.

Second: Invite you to sign a formal Purchase Contract in person in China.

Third: Insist on notarizing the contract and they will use a non-exist notary office to notarize the document, then all the notary fee will be in their pocket.

Fourth: Asking you for‘kickbacks’or‘bribes’in lot of‘pretexts’in China.
Fifth: After they get all those money, they will disappear and replica the scam again.

What are the Countermeasures against these Professional Business Fraudsters?

First: Ask the importer for their Business License and Import License before your departure to China, then check out their registered information with local officials first.

Second: Book a professional Company Inspection or Investigation service from a third-party service company, checking them out before further discussion.

Third: Appoint a local representative and visit them first before your departure to China, they are NOT able to cheat local experts.

Fourth: Never pay anything before receiving the deposit from the importer.

No matter you're buying or selling, Due Diligence work is always important in China. Think it over before you pay out even one penny!

The Latest list of Chemicals or Non-ferrous Metals Fraud Companies in China

The Latest list of Chemicals or Non-ferrous Metals Fraud Companies in China

This list of fraud companies was confirmed and submitted by a German business partner from STIN group.

1.Beijing Xinhenglong International Import and Export Co.,Ltd
  www.xinhenglong-metal.net

2.ShanXi HengWei Industrial Co., Ltd
  http://sxhwplastic.com

3. (deleted upon request)

4.SHENZHEN INTEGRITY SCIENCE&TECHNOLOGY CO.,LIMITED
 http://www.szsxcmetal.com/About.asp

5.Hebei Hongyun
  www.hbhongyun.com

6.Hebei Bajun Metal Products Co.,Ltd
  http://www.hebeibj.com

7.Deleted upon request

8. Dubang China Group Co.,Ltd
  http://www.dubangzhongguo.com/

9.TIANJIN QIYUAN TECHNOLOGY CO.,LTD
http://www.tjqychem.com/

10.Shijiazhuang Feiyang Trade Co.,Ltd
http://www.feiyangtrading.com/

11.Tianjin Lanrui Mineral Marketing Co., Ltd
http://www.tjlanrui.com/

12.China Anlong Group Co., Ltd
www.anlongchina.com

13.Hebei Shengfa Trading Co., Ltd
www.hbsfsm.com

14.Hebei Expand Import and Export Co., Ltd
www.hbexpand.com

If you have more scammer information, please contact STIN verification team for assistance in China.

China's import tax cut to reduce revenue, aid consumption

China's latest cuts to import duties will reduce fiscal revenue while boosting domestic consumption, said vice finance minister Shi Yaobin on Friday at a press conference.

The Ministry of Finance (MOF) announced on Monday that China will cut import taxes on clothing, cosmetics and some other goods from June 1.

The MOF said that it will slash duty by half, on average, on suits, fur garments and shoes. A tariff on cosmetics will fall to 2 percent from 5 percent, while a duty on diapers will decline to 2 percent from 7.5 percent.

There is no doubt that the cuts will reduce fiscal revenue, said Shi, while declining to give an exact amount, but he did not expect revenue to decrease too much given that more imported goods mean more import tax revenue.

With strong purchasing power, Chinese mainland travelers often buy goods as diverse as diapers and handbags abroad to avoid import and consumer taxes back home. Mainland tourists abroad spent $165 billion in 2014, up from $129 billion in 2013.

Duties on rare earth exports to be ended in China

Here is the good news for some rare earth importers worldwide:

Export duties on rare earths will be eliminated on May 1, 2015, the Ministry of Finance said in a statement on Thursday, a move that analysts said would stimulate China's exports of the limited resource.

 

Rare earths－a group of minerals that are crucial to the technology and defense industries－as well as tungsten and molybdenum will be exempt from tariffs, and wrought aluminum products will also enjoy a zero rate, the statement said.

 

The move, according to Du Shuaibing, an analyst at natural resources consultancy Baichuan Information, will reduce the prices of rare earths by 20 to 25 percent.

 

"Rare earth export volumes are expected to increase greatly, which will help producers digest inventories," said Du.

 

The move also will also have an impact on international rare earth prices, because lower-priced exports from China will affect sales of rare earths produced in other countries and regions.

 

The metals are used in products as varied as iPhones and wind turbines.

 

In 2014, rare earth exports reached 28,000 metric tons, up 27.3 percent from a year earlier. The average export price was 83,000 yuan ($13,300) per metric ton, down 47.8 percent.

 

But Du said that resource and environmental taxes on rare earth producers, which have caused production costs and therefore prices to rise, are still the primary concern in the market.

 

It is also crucial to crack down on illegal mining and smuggling, factors that lead to an oversupply, Du said.

 

China's six major rare earth groups, which dominate exports, are expected to complete most of the work necessary to integrate small mines and smelting companies by the end of 2015.

 

China is the world's largest producer and exporter of the minerals, but the industry is beset by problems including illegal mining, smuggling and a lack of competitiveness due to weak research and development.

 

The country raised tariffs and imposed strict output quotas in 2010 to not only protect its scarce resources, but also reduce the environmental impact of extraction. Importers in Japan, Europe and the United States complained that the move had breached trade rules.

 

Shares in producers of rare earths surged on Thursday after the duty change was announced. But Du said that participants in the industry will take a more measured view of policy changes.

 

Key movements for the industry

 

Before 2003: Exports are encouraged with rebates

 

2003-06: Exports are restricted, with rebates phased out

 

2006-14: Ceilings on exports are raised, export tariffs hiked annually

 

Jan 1, 2015: Tariff implementation plan enforced

Buyer Fraud Case: How Chinese Importer Scam You in China

Recently one of our South African clients lost more than 5000 USD by a 'fake’Chinese importer. They were offered a huge order valuing more than 9,000,000.00 USD and were invited to China to attend a so-called contract signing ceremony. The professional fraudsters have too many ‘pretexts’ to get money from the victims worldwide: notary fee, kickbacks, gifts, bribes etc. It is even hard for the local police to crack down such cases as they use all fake names and official documents in China. In order to warn more reliable businessmen worldwide, STIN Company Verification team summarized the features of China international buyer fraud case for your reference. 

 

Features of Chinese import fraudsters:

1.Fully registered a NEW offshore trade company in Hongkong, with a created address and a created company name in Mainland China. Please note     that they will use 'fake’identity cards to register the offshore trade company in China as well. 

2.Leased a luxurious office temporarily, with at least three ‘actors’, one is act as a ‘president or CEO’, one act as a financial director and the other act  as an ‘importer manager’ or assistant. 

3.The offer (contract value) is very attractive and huge, valuing more than 1 million USD at least or even tens of millions USD, with favourable payment terms, say, 30% in advance by T/T within 24 hours upon the signature of the contract in person. 

4.Claimed to be a big group company, with a wide range of business: trade, distribution, investment, manufacturing and so on. They claim to import all kinds of items from other countries. 

5.Constructed a website, with many items on, disguised to be a group company online. They used an official company email box as well. 

6.Used automatic Group Mailing system and they can sent tens of thousands of emails every day. If the receiver responds, then a guy will follow up       by email and  the trap begins. They never attend the trade fairs or shows in China. 

7.Insist on signing the contract in person in China and they will invite you to attend their so-called Contract Signing Ceremony. 

8.Insist on NOTARIZING the contract and they will appoint (designate) a local Notary Office (but normally this notary office is a NON-EXIST one in China.). 

9.Used ‘fake’ Chinese invoice and Chinese official licenses. 

10.Used ‘fake’ signature, they do not sign their names in full. 

 

According to the case-reports from our clients so far, 99% of above notorious scammers are from Henan (Zhengzhou city) and Guangxi (Guilin city) etc, China at present.  

 

How they TRAP you STEP by STEP ? 

 

First: Use automatic group mailing software to send you attractive offers and inquiries, with created official websites and email boxes. Formal documents, formal address, websites and bank accounts etc, everything seems to be normal. 

Second: Invite you to sign a formal Purchase Contract in person in China.

Third: Insist on notarizing the contract and they will use a non-exist notary office to notarize the document, then all the notary fee will be in their pocket. 

Fourth: Asking you for ‘kickbacks’ or ‘bribes’ in lot of ‘pretexts’ in China. 

Fifth: After they get all those money, they will disappear and replica the scam again. 

 

What are the Countermeasures against these Professional Business Fraudsters? 

First: Ask the importer for their Business License and Import License before your departure to China, then checking out their registered information with local officials first. 

Second: Book a professional Company Verification or Investigation service from a third-party service company, checking them out before further discussion.

Third: Appoint a local representative and visit them first before your departure to China, they are NOT able to cheat local experts. . 

Fourth: Never pay anything before receiving the deposit from the importer. 

 

No matter you’re buying or selling, Due Diligence work is always important in China. Think it over before you pay out even one penny !

 

Key words:China import fraudster, China fake importer, China import fraud case, fake Chinese importer, Chinese buyers, fake Chinese buyers, China buyer fraud case, China company verification service, importer scam, importer business fraud