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Tag Archives: product defects

China Manufacturing Payment Terms. Limit Your Risks.

Posted in China Business

Many companies continue to purchase container load quantities of product from small manufacturers located on the southern coast of China. This trade has developed a standard form of payment, often termed 30/70 TT. This means: 30 percent down payment on placement of the order, with the remaining 70% due upon shipment. This means 30% of… Continue Reading

Ruminations On The Meaning Of Toilet Paper/Poisoned Food In China. Morality Play Or Meaningless Drivel?

Posted in China Business, China Travel

A story I always tell — heck I told it earlier this week — about China revolves around toilet paper. My story is as follows: A year or so ago I was in Vietnam visiting my daughter, who was there studying.  We were in an airport when I walked away to go to a rest… Continue Reading