As global economic indicators have shown incremental improvement over the past several months, it could also point to a positive position for Chinese manufacturers and service providers. According to the most recent International Sourcing Confidence Index, confidence from multinational companies that source products from China increased in the third quarter, up from 50.40 to 51.28, according to the Shanghai International Sourcing Promotion Group Co.
The Index is a measure of the confidence that multinational companies feel with regards to sourcing products in China. The survey interviewed more than 200 multinational companies that have a presence in China. A reading above 50 indicates optimism, and the third-quarter index represents the highest mark in a number of quarters. The index’s improvement also indicates that the global market might be inclined to source more products from China.
According to the most recent trade information, exports from China grew to 7.2% in August, up from 5.1% in July.
With four experienced individuals staffing our office in Qingdao, China, Mawson Global is strategically positioned to help companies and organizations of all sizes and disciplines to identify and acquire the most cost-effective suppliers of products and services in the Chinese market.
Because we have a team on the ground in China, we’re able to minimise the risks associated with global sourcing and help your company make the most out of global sourcing its products. Our team members are knowledgeable about international standards, and understand local languages and cultures. Having a team in China also means that Mawson Global can quickly identify suppliers that meet your quality standards, and provide you with a partner with whom you can cultivate a long-term relationship.
There are a number of reasons to partner with Mawson Global for your global sourcing needs, including:
- We are a global leader in product sourcing with more than 70 years of family experience.
- Small and medium enterprises get Fortune 500 sourcing expertise for a fraction of the cost.
- Mawson Global identifies high-quality suppliers that you can build a long-term relationship with.
- These relationships enable your company or organization to become a key player in the global market.
- Sourcing through Mawson Global will keep you ahead of your competition.
- Partnering with Mawson Global helps your company slash costs and increase your profit.
For more information on how Mawson Global can help you join the global arena, please take our 10 Product Challenge or contact us.