In This Issue:
* Last Month’s Visit to China
* And We Thought Thanksgiving Travel Was Bad
* The Exchange Rate
* Want a Quote?
Last Month’s Visit to China
By Mike Genung
Last month, I visited China with my 17 year old daughter. Some of the questions and comments she
made reminded me that, after visiting China for nearly 30 years, the cultural differences didn’t faze me
anymore. Some of her comments included:
“Why do they beep their horns so much?”
In China, horns are going off constantly. They drive in a tight, often chaotic formation; when they’re
honking their horns it’s often meant to be a polite “I’m next to you, please don’t hit me.” (There were
several instances when our host would drive dead center on the lane markers, sandwiching us tightly
between two cars in either lane next to us.) Whereas in the U.S., if someone honks it can sometimes be,
“Hey you @#$$! What are you doing!!” Our culture’s high strung “I’ll get offended and sue you if you look
at me the wrong way” has made us defensive when it comes to using the horn for a safety measure.
“They’re invading my personal bubble.”
In a country of 1.3 billion people, all rights to a personal bubble are forfeited. Pushing past other people in
an airplane who are taking their time loading their luggage in an overhead bin, or tightly crowding others
while waiting in line are a part of the game. At one point while we were about to enter a line for China
customs to check us through, I told my daughter, “Get ready to charge forward.” She looked at me like I
was nuts, then saw what I meant, as Chinese mainlanders quickly filled in the gaps in front of her. It’s not
that they’re being rude, it’s just that it’s survival of the fittest in a nation that has four times our population.
“That was gross.”
Many of their public facilities offer restrooms that are little more than a hole in the ground. Enough said
about that one.
And We Thought Thanksgiving Travel was Bad…
Chinese businesses have been closed from October 1-7 for their National Holiday. Estimates are that
750 million people traveled during the holiday, a massive influx into their travel system. This makes the
travel mess that we endure for the Thanksgiving and Christmas holidays pale in comparison… double the
entire population of the U.S.
The Exchange Rate
Yuan to the dollar, as of today: 6.36 to 1.
Rate when the Yuan was depegged from the dollar on June 19, 2010: 6.82 to 1.
Change: .46 (6.7%)
Want a Quote to Source Product from China or Taiwan?
There’s no charge for us to quote your project. We need the following to get started:
- Engineer’s drawings with all dimensions, tolerances, and material requirements, and/or a sample to
send. Sometimes pictures with all major specifications will work, if it’s a simple product. We can
refer you to a company that can do engineering and prototyping if you need these services.
- Purchase quantities. Our suggested minimum purchase value is $10,000.00. The actual minimum
will depend on the factory.
- The major city you are nearest to, so we can include the freight with the prices.
Details on how you want your product packaged, i.e. individually or in bulk, plain cardboard box or
with color labels, blister pack, etc
August 2015: Marketing Tips and More
July 2015: Planning for Christmas Inventory
May 2015: Volatility, Opportunity, and What Not to Do
April 2015: The Worldwide Release of Our New Video
February 2014: Finally, an Agreement at the West Coast Ports
January 2014: We are Now Sourcing from Taiwan
December 2014: New – Hardwood Cell Phone Cases
October 2014: Pictures and Comments from IMTS
August 2014: Visit Us at IMTS 2014
July 2014: The Importance of a Good Customs Broker
View original newsletter, click here: http://conta.cc/1N3c3o0
Download Newsletter: MGTrading_Newsletter102015
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