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Whenever we find the tag "Made in China" we are reminded that China is a place where goods are produced for a fraction of the US cost and distributed to over a billion potential consumers. Corporate giants like Wal-Mart are investing intensely in China. Thousands of small to medium sized companies are getting in on the action too. In fact, we can say that 2000 was the decade that got thousands of entrepreneurs to investigate how to import goods from China.

China has enjoyed an average 9.5% annual growth throughout the past 10 years, and its Gross Domestic Product (GDP) skyrocketed from $ 300B in 1985 to $ 1,600B in 2004, larger than the state of California. Meanwhile, the export-import volume has increased twelve-fold! Foreign direct investment has hit $ 550B during the same interval. China's blistering modernization from 1990-2010 made importing goods from China really attractive to retailers all over the world.

The country's first production census found that from 2004 to 2007, the GDP growth rate was of 10% each year. In 2007, the formally recorded GDP growth rate was 11.4 %. In 2008, the international economic crisis started to reduce China's growth rate. To handle the crisis, the government decided to pump Rmb (China currency) 4 trillion into the economy as an economic stimulus plan consisting primarily of investments in fixed infrastructure and human capital.

Even if in the early September 2009 mainland China was engaged in new trade dispute with the US over the imposition of an emergency duty on Chinese tires, a serious trade war is not likely as this is not in the best interest of each of those countries. Mainland China is the number one creditor of the US, and the US is the Mainland's second biggest export destination after the European Union. A trade war among two of the world's leading economies will furthermore be detrimental to the global recovery just underway. China import export is here to stay, for the moment.

Northern Asia commonly (Japan, South Korea, Taiwan, Vietnam, and Mainland China) is a fantastic area for manufacturing products (Vietnam is similar to China fifteen years ago).

The obvious benefit of Mainland China today lies in its low production, workforce and advanced quality control practices, making it by far the most interesting part of the region.

Moreover, remember that Chinese companies will give you with what you ask, even when it is not comply with their production standards. They possess an excellent capability to create a very creative design by mixing several existing designs you might have submitted to them. While Westerners do not normally like (or are even capable to) adjusting their production standards to special customer demands, a Chinese company would perceive this a standard feature of their service.

Sets of standards such as ISO or 6-Sigma is not very common in China, but is followed by the higher end producers. However, regardless of your order volume, quality control with China is a MUST. You must get what you order and in the exact way you ordered it. From unsophisticated to complex products you should check quality control with Chinese companies. Use multiple QC check points during different stages of production. An importer's worst nightmare is getting a full container load of products that is defective due to a wrong screw size, for example. If you still try to market them, or sell products that you don't know was designed wrong and later falls apart, this equals substantial product returns, angry customers, and an accounting/billing department nightmare. As the Supervisor of your own venture, you are responsible for making sure that your products satisfactorily satisfy desired specifications.

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