Sourcing & Import from China Tips and Guide

Although it is a short street, Zhuangyuan Fang has lots of mini stores along it… Very cute Japanese and South Korean things can be bought here… And, very CHEAP… ^_^ But don’t go there on the week-ends or on days when students don’t have school unless you like to become a human sandwich.:-)

There are many ways to make and receive payment in international trade. Due to the physical distances between buyer and seller, and the fact that the transaction may have taken place without the two parties actually meeting, minimizing exposure to risk is on the minds of both parties. The buyer wants to make sure they receive their order in acceptable condition and on time, and the seller needs to know they will get paid for it.

Letter of Credit (L/C)

The L/C is a guarantee, given by the buyer’s bank, that they will pay for the goods exported, provided that the exporter can provide a given set of documents in accordance with clauses specified in the L/C and in a timely manner. The technical term for letter of credit is “Documentary Credit.” Letters of credit deal in documents, not goods. Thus, the process works both in favor of both the buyer and the seller. Simply put, a letter of credit is a letter written by the importer’s bank to the exporter. It verifies that the payment will be guaranteed when the bank is presented with concrete documents (bills of lading and freight documents). Most letters of credit are “irrevocable” once the importer has had them sent, which means it cannot be changed unless both the buyer and seller agree.

Evenly shared

Document Against Payment/Bill of Exchange (D/P)

The exporter ships the goods, and then gives the documents (including the bill of lading necessary to claim the goods at the foreign port) to his bank, which will forward them to a bank in the buyer’s country, along with instructions on how to collect the money from the buyer. When the foreign bank receives the documents, they will contact the buyer and provide documents to the buyer only when the buyer pays.

Mainly with supplier

This is a fun club, not really much of a dance club but there is a smaller dance floor with people always on it. Depending on where your table is there is a minimum you must spend per person. 500rmb in front of the dance floor and 600rmb one level higher by the bar, i am not sure about the prices higher up, there are 2 more levels. I dont think it gets much more than that. There is also a live band every night playing from 9:45pm, they play for 30 mins then take about 15-20 minute break. I am not sure where the band is from but there are 2 chinese people in the band and aswell 3 black people (2 girls, 1 female) They play some older hits and a few newer songs aswell. Oh and i am not quite sure how much you have to spend but after a few drinks and a bottle of JW, they were bringing us Heineken on the house, i believe it is normal as long as you spend a certain amount of money.

Casual is okay, its more of the classier bars in GZ but as long as you look on the better side of the table then its all okay.

Tang’s Club Entrance

Stage & In the Bar

Sometime it does organize some special shows in the club