What are the guidelines that importing companies should try to follow when importing from China, in order to avoid pitfalls or mistakes?

Abstract

This thesis will give importing firms better understanding on what they may expect and what to be cautious of, when planning to import from Chinese manufacturers. This could help them finding out how ready they actually are to start buying from China. Before finding Chinese producers or suppliers, aspects such as cross-border business, cross-cultural differences, the history, the geography, the infrastructure and etc., all of those should be considered and studied. The thesis describes procedures such as about how to source new suppliers, factory visits, due diligence, quality control, payment terms and etc. The author of the thesis interviewed spokesmen of some Icelandic companies about their experience of doing business with China.