Exporting to China
Key information for those wishing to export to China
The importer generally takes on the bulk of custom clearance formalities via a specialist agent. The exporter will, however, take account of the costs and the risks incurred, in particular for products subject to specific norms ( source www.reussir-en-chine.com ). The possibility of exporting from China and importing to China is still open to all companies, including those with foreign capital and even to individuals.
All luxury brands are present in China and in particular in Shanghai where luxury temples grow like mushrooms ( source Wikipedia, Chinese Culture): Times Square, Portman, Citic etc…
However for those who wish to export to China , the markets in so-called secondary cities across the entire continent require a less expensive ticket for entry (source Journée du Luxe UbiFrance) and ‘outsiders to luxury' should check their tickets carefully. Expression LES ECHOS
Managing accounts receivables and debt recovery in China
In China, debt recovery legislation is more firmly incorporated into general civil law. The coverage period in terms of debt recovery is two years and the short coverage period deadline for outstanding debts begins following receipt of the formal notice from the debtor. Accounts receivables management and recovery of outstanding debts are based on this simple law. ( Source: Marianne Dickstein Guide Pratique du recouvrement de créances).
A debt recovery request must meet the following conditions:
1) The legal nexus between the outstanding debts must be clear and direct: in particular the management of the logistics chain and the supply chain must allow for it to be easily highlighted.
2) The debtor must be accurately identified: all proof must be used for this purpose: using the logistics chain and the supply chain and elements from the online payment platform and electronic transfer of invoices if required, for example.
3) The total of the amount requested must be accurate.
4) Factual evidence and proof must be attached to the request; electronic transfer of invoices and the online payment platform are useful for this.
Guarantees for debt recovery such as deposits, right of retention, are governed by laws of the People's Republic of China and we advise those who wish to export to China to seek advice before venturing onto this complex continent.
Useful information on debt recovery in
Chine : Download an extract of Atradius Collections 2011