Metal-Dome

Wednesday,June 20,2007 Posted: 10:16 BJT(0216 GMT)  People’s Daily

China’s Ministry of Finance said Tuesday that, starting July 1, the country would cut or eliminate export tax rebates for 2,831 commodities representing 37 percent of the total number of items listed on customs tax regulations.

A ministry spokesman said the move was one of a basket of measures to suppress overheated export growth and ease frictions between China and its trade partners.

The country will abolish export tax rebates on 553 “highly polluting products that consume heavy amounts of energy and resources” such as salt, cement, and liquefied petroleum gas, said the spokesman. (more…)

In order to celebrate the International Labor Day, we’ll free from work from May 1st to May 4th and resume to work on May 5th. During that period, the manufacturing of goods or samples will be stopped, though there’re staffs on duty. The email accessing still be available but maybe be a little slower than normal.

If you want to place an order with us, to request quotation or to ask for samples, please do it advance before May 1st or postponed after May 5th, so that we can arrange it for you. If you have anything urgently, please contact your sales manager directly. Sorry for the inconvenience and wish every people health, happy, and have a wonderful International Labor Day.

Thank you very much!

BEST

For a long time, that the normal payment is done via wire transfer, konw as T/T (Telex Transfer). It’s a popular handling method in internation business, esp for the medium or larger amont of money. As the preverb says: “No one is perfect”, beside its advantage, it has several shortcoming as follows:

1) Long Time Period 

The buyer send money via his bank, then the vendors wait for money to arrived at their bank. Generally, this period will last at least two or three days because the cross-countries and different banks. Sometimes even longer than  5 days or one weeks, depending upon whereever the countries and whatever the banks of buyer and vendor are. Time is the money, but under this case, no one can speed it up.

2) A Little Higher Bank Fee for Small Amount

For T/T, both parties have to pay the bank fee. When buyer do the transfer, whether it’s large amount or small. he must pay the bank fee. Everyone know it. But at the same time, when the vendor receiving the money, maybe he also need to pay certain amout of “the third part bank fee.

This bank fee is deducted by Intermediary Bank. Many buyers whom purchased initially from China don’t know this “bank fee”, but it is here. Because of exchange control, along with other elements, the money from purchaser will transfer through a Intermediary Bank untill it arrived at vendor’s bank account. Showed as follows:

Purchaser Bank — Intermediary Bank — Beneficiary Bank (Vendor’s)

(Buyer send USD 100 — deducted USD 25.00 — USD 75.00 (Vendor)

The USD 25.00 is “wasted”!

Is there other method which can overcome these drawbak and take its place? Of course there is. Please view back next time, then we will release a new payment method for small amount.

Why there’re more and more companies dedicated to explore the foreign market? There’re many reasons, such as China has become a member of WTO, a big potential market and so on. I don’t intended to discuss these big issues here, but just analyze the business condition in Mainland China, and then I think you’ll get some hints.

Firstly, let’s took a glance at this fact: “According the analyse data, there’s at least two companies went bankrupt because of complexed triangle finance relation.” What’s a triangle finance relation? Let’s explain it in a simple samples: Company A is a components manufacturer who make the parts to Company B. B make goods for company C, D purchase the goods from C and sell them via supermarket E.

When B buy components from A, he didn’t pay by check immdiately, generally is a 30 or 45, even 60 or 90 days monthly finance settlement. He promise to pay 30 or 45 days later, so it’s similar to 45 days D/A. The same things happened when C purchase from B, D from C, E from D. Each process is complexed crossed, just like a lantern ring. Frankly, each payment promise in depened upon the previous company. If everything is going goods, then it’ll be a happy ending for all. But how about the true?

In fact, the market economy is not so matural as the western. Credit standing is a strangle thing in China. So maybe then factory A want B cash the chek in matural time, the B will be delayed or even rejected, and has lot of plea. So do the others. And then the whole lantern ring is destoried. The complexed triangle collapse. Then company A or C, or D have to declare bankrupt to protect his own interest.

I think you’ll know the dangerous to do business with companies in Mainland. Althought seldom companeies existed, you can imagine what things will be happened till it done. Am I right?

Secondly, Various people relationship

Maybe we can call it “Chinese character”. You don’t know how complex it’ll be. It’s a mess. But I don’t want to explore it more, just touch the surface. To know the deepth of a river, you just need to step in. Am I right?

Thirdly, different strange requests

In fact, it’s also the Chinese character. Do you know why the Google can’t get big success in Mainland China as he get otherwhere? As someone joked:”To do business in China, you have to know the Chinese Character. It’s unique. The market will give a lesson to anyone ignore it.

Okay, you’ve know these things. Maybe you become a scared to do business in China. But don’t worry, there’s one important thing I skip over is what I talk it’s business between Chinese merchant. When foreign involved in, things will be changed. Everything will be smoothly. Why? It’s a Chinese Character.

Maybe what I said it’s in a extreme way, it’s not a typical market phenomenon, and the fact is more better than what I saw and said. But we can’t ignored it, yeah? Days after days, the business condition become better and better, then it’s the time to forget my words, treat it as a joking. ^_^

Today is the ninth day of the ninth lunar month in China –the Double Ninth Festival (Simplified Chinese  重九(Chóngjiǔ), also in Traditional Chinese: 重陽節; (Chóngyángjié or Chung Yeung Festival in Hong Kong), sometimes named as “The Adult Day“. It is a traditional Chinese holiday, mentioned in writing since before the East Han period.

Origins:
According to the I Ching, nine is a yang number, ninth day of the ninth lunar month or double nine, has too much yang (a traditional Chinese spiritual concept) and is thus a potentially dangerous date. Hence, the day is also called “Double Yang Festival” (重陽節). To protect against the danger, it is customary to climb a high mountain, drink chrysanthemum wine, and wear a plant named zhuyu (茱萸). (Both chrysanthemum and zhuyu are considered to have cleansing qualities and are used in other occasions to air out houses and cure illnesses.)

Traditional Activities:

Climbing mountains:On the Double Ninth Festival, people customarily climb mountains, appreciate chrysanthemum flowers, drink chrysanthemum wine, and eat double-ninth cakes. The Double Ninth Festival is also the “Old Men Festival”. Old people are especially meant to improve their health by taking part in the activities on the day of the festival.
Family get-togethers: The Double Ninth Festival is also a time for family get-togethers. It is an occasion to remember one’s ancestors, the sacrifices they made and the hardships they underwent. Often, family outings are organised during which people search to renew their appreciation of nature and to reaffirm their love and concern for family members and close friends.

Double Ninth may have started out as a day to drive away danger, but, like the Chinese New Year, over time it became a day of celebration. In contemporary times it is an occasion for hiking and chrysanthemum appreciation. Stores sell rice cakes (糕 “gāo” a homonym for height 高) inserted with mini colorful flags to represent zhuyu. Most people drink chrysanthumum tea, a few strict traditionalists drink homemade chrysanthemum wine. Children in school learn poems about chrysanthemum, and many localities host a chrysanthmum exhibit. Mountain climbing races are also popular; winners get to wear a wreath made of zhuyu.

This is an often-quoted poem about the holiday:

“Double Ninth, Missing My Shandong Brothers” - Wang Wei ( Tang Dynasty

Original:

《九(jiǔ)月(yuè)九(jiǔ)日(rì)憶(yì)山(shān)東(dōng)兄(xiōng)弟(dì)》 王維

獨(dú)在(zài)異(yì)鄉(xiāng)為(wèi)異(yì)客(kè)，

每(měi)逢(féng)佳(jiā)節(jié)倍(bèi)思(sī)親(qīn)。

遙(yáo)知(zhī)兄(xiōng)弟(dì)登(dēng)高(gāo)處(chù)，

遍(biàn)插(chā)茱(zhū)萸(yú)少(shǎo)一(yī)人(rén)

English:

As a lonely stranger in the strange land,

Every holiday the homesickness amplifies.

Knowing that my brothers have reached the peak,

All but one is present at the planting of zhuyu.

Also a song which is very popular in China, named “Wine of the doulbe 9th Festival”.
[audio:wine-of-the-double-9th-festival.mp3]

In the previous artile (definition of Lead-free) on Sep 19, we have talked about the Lead-Free and RoHS, and today we will look at the products that are coverd under RoHS. As our products (metal domes and metal dome arrays ) are used as electrical components in many areas, so in this artile only electrical and electronic equipment are mentioned. For any more, please visit http://leadfree.ipc.org/.  

Electrical and Electronic Equipment Covered Under RoHS

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Since July 21, 2006, the foreign exchange of RMB is increased to USD 1.00 = RMB 8.11,  Compared with the former 1: 8.27,  the rate is going up unceasingly. Today the figure is 1 RMB = USD 7.92. We can get a glance at the following chart. 

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Maybe you have not realize that this issues: When you found out the new customers, negociate about  important things with him, such as samples, price, payment, etc. , and finally, settle down all the issues. Then you despatch the shipment, only hope it’ll be arrived at the office of your new clients and he will be satisfactory with it. But didn’t you pay attention to this ‘little thing’ ” by which way you send out the samples or goods?” Maybe you will turn up your nose at this, but for my part, it’s a really vital part of the whole process of successful business.

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Welcome to the new log of Best Hardware Co., Ltd, the professional manufacturer of metal dome and metal dome arrays in China. The previous blog will be closed and please browe this new one from now on. Hope you’ll enjoy it! 

If you have any questions or comments about our company, products, or other related things, please feel free to let us know. 

Thank you!

Yours,

Peter