October 2017 – New German Website

By: Mike GenungPosted on: Oct 05, 2017

In this issue:

* New German Website
* The Race is on to the Chinese New Year
* Pictures from Qinghai Province
* The Exchange Rate

 

New German Website
By Mike Genung

This past June, I visited our office in Europe, along with customers over there. We’ve been working with more companies in Europe; having an office in Vienna provides our customers there with a local presence they can work with.

Here are several pictures:

Me, on the balcony outside of our office in Vienna, Austria

Balcony Vienna

 

 

 

 

 

 

 

 

 

 

 

 

 

In front of the office building

Office Front

 

 

 

 

 

 

 

 

 

 

 

 

 

Thomas Neumann, our Sales Manager in Europe, at the reception desk

Thomas Recept Desk

 

 

 

 

 

 

 

 

 

 

 

 

 

Thomas Neumann

Thomas

 

 

 

 

 

 

 

 

 

Our European office just set up a new website in German at www.global-china-sourcing.com. Take a look when you get a chance… the plan is to add other European languages as time progresses.

 

The Race is on to the Chinese New Year

As many of you know, China shuts down for the mother of all holidays, the Chinese New Year, from the end of January through most of the month of February. This means that if an order doesn’t ship by the third week of January, it wouldn’t go out until March or later, depending on when it’s placed.

We’re already seeing factories quote extended production times. Some of this has to do with the “Environmental Protection Firestorm,”  where this year the Chinese government put new laws in place for factories with products or services that have an impact on the environment – especially manufacturers that have anything do with any kind of finishing, plating, or painting. Some factories have closed their doors this year, which has put pressure on production times, and in some cases, prices.

If you want your shipment made before the Chinese New year shut down, the time to place an order is now. Every year we have customers place orders too close to the Chinese New Year; at that point the best a factory can offer is a March or April shipment.

 

Pictures from Qinghai

The province of Qinghai in China is next to Tibet, with some of the same cultural influences. The president of one of our partner companies recently visited Qinghai province last month; here are several pictures:

Buddhist Temple

Buddhist Temple

 

 

 

 

 

 

 

 

 

 

 

Monks, including a young one in training.

Monks Training

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prayer flags

Prayer flags

 

 

 

 

 

 

 

 

 

 

 

 

 

The Exchange Rate

Yuan to the dollar, as of today: 6.64 to 1
Rate when the Yuan was depegged from the dollar on June 19, 2010:  6.82 to 1
Change: 2.6%

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All material copyright 2017 Global Trade Specialists, Inc.
This newsletter may be reprinted as long as the copyrights and a link to the Global Trade home page (www.mgtrading.com) are shown at the end of the article.

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