October 2016 – Last Month’s Trip to ChinaPosted on: Nov 01, 2016
In this issue:
* Pictures from Last Month’s Trip to China
* November 1 is the Deadline for Orders to Safely Ship before the Chinese New Year
* The Exchange Rate
Pictures from Last Month’s Trip to China
By Mike Genung
Last month I visited China for two weeks. What follows are pictures from that trip; cities visited included Beijing, Qufu, Qingdao, Hangzhou, Jinhua, and Ningbo, among others.
November 1 is the Deadline for Orders to Safely Ship before the Chinese New Year
Chinese factories will be closed most of the month of February for their Chinese New Year holiday.
If you have a new order you need shipped before they shut down the end of January, depending on the production time needed, the order should be placed by November 1 to be safe. Their production schedules are filling up and I’m already been hearing of delayed production times.
With Hanjin (the big Korean shipping line) going bankrupt, some ports are seeing a bottleneck and extended wait times. By the middle of January the ports could start packing up with last minute shipments, so you don’t want to wait if your shipment needs to go out before the CNY.
The Exchange Rate
Yuan to the dollar, as of today: 6.74 to 1
Rate when the Yuan was depegged from the dollar on June 19, 2010: 6.82 to 1
Global Trade Home Page
Importing from China
Products We Source
Read testimonials from some of our customers.
New Product Development
Email us for a free quote.
August 2016: New Engineering and Prototype Services
April 2016: Our New Office in Europe
February 2016: Are They Crazy?
December 2015: Our New Marketing Program
October 2015: Pictures from Last Month’s Trip to China
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
All material copyright 2016 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.