Each consignee negotiates these with their consignors individually, so there’s a whole mix of times they get paid. The suppliers in China are DEFINITELY feeling the pain. Since COVID shut a lot of them down for awhile, not being able to get their goods into the US is just salt in the wound.
Source I work in customs and trade compliance for one of the top ten importers into the US.
I’m convinced there’s no coincidence between the various woes the Chinese economy is suffering now, but that’s more of a gut feeling given what I see. There’s nothing I can concretely point at that connects the two.
It would in the turn around of properties. Construction supplies have been sparse for over a year, now. If you can't rehab, remodel, construct, or de/re-construct so you can sell it, then it hurts the bottom line of the owner. New construction and remodels in Chynah are waaaayyyyy down.
The list of incoterms can be found here:
http://www.priorityexpress.ca/DATA/TEXTEDOC/List%20of%20Incoterms.pdf
Each consignee negotiates these with their consignors individually, so there’s a whole mix of times they get paid. The suppliers in China are DEFINITELY feeling the pain. Since COVID shut a lot of them down for awhile, not being able to get their goods into the US is just salt in the wound.
Source I work in customs and trade compliance for one of the top ten importers into the US.
Are we seeing some of the pain manifest in financial debacles like Evergrande, etc?
I’m convinced there’s no coincidence between the various woes the Chinese economy is suffering now, but that’s more of a gut feeling given what I see. There’s nothing I can concretely point at that connects the two.
Also they are having an energy crisis. No power in wide swaths of the country.
Also, additionally, they are asssshoe.
It would in the turn around of properties. Construction supplies have been sparse for over a year, now. If you can't rehab, remodel, construct, or de/re-construct so you can sell it, then it hurts the bottom line of the owner. New construction and remodels in Chynah are waaaayyyyy down.
got any extra containers in Ningbo?