Using Chinese Legal Website Checking System To Verify Chinese Companies
During 2009, EASTHV Business Consulting has verified hundreds of Chinese Companies (trading companies and factories ) for our clients who mainly from EU, USA and Middle East. Although we know the condition of China's business environment, we still got shock for the reuslt. It shows, only business condition of 53% of verified companies are as same as they described in B2B Website. 21% of them are overstated for their business condition. and 26% of those companies, even some Gold Members in Alibaba turned out to be a business scammer in China. The tricks they usually do are cheating deposit, sending dirty products and increasing price after placing the order.
So, for both buyers and suppliers, it's very important to select your business partners as there are more and more business frauds coming in China. Here are our experienced tips for you to select Chinese companies and suppliers:
For some common verification method, here are some links for you to check out the basic information about the companies in China:
www.yp.net.cn (Chinese Yellow Page, english version)
www.truste.com (international)
www.miibeian.gov.cn/CX/main.jsp (Chinese legal website checking system, in Chinese)
However, Yellow Page is not the good way to judge a business scammer in China, same as in Alibaba or Made-in-China, as long as the scammer pays money for listing, they can get whatever "award" they want. And most of chinese companies and factories do not know
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About the Author:
Amanda Wong, Consultant of EASTHV Business Consulting, which is mainly doing business with International Trade (China) and IT Service.