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Daigou (Chinese: 代购 [2]; pinyin: dàigòu; lit. 'surrogate shopping') [1] [3] [4] is an emerging form of cross-border trade [5] [6] [2] in which an individual or a syndicated group of exporters [5] outside China purchases commodities (mainly luxury goods, but sometimes also groceries such as infant formulas) for customers in China.
In addition, WFOEs now have the right to distribute their products in mainland China via both wholesale and retail channels. Another recent variant (the Foreign Invested Commercial Enterprise FICE) of the WFOE has also come into effect, and are used mainly for trading and buying and selling in China.
Temu allows China-based vendors to sell and ship directly to customers without having to rely on intermediate distributors in the destination country, making products more affordable. [33] Some sellers have stated that Temu asked them to lower their prices, even to the point of selling items at a loss. [34]
Valued at $39 billion, the second biggest category of goods the US imported from China last year was computer equipment. That includes tablets, laptops, monitors and essentially all the components ...
SINGAPORE/HONG KONG (Reuters) -The governor of Texas ordered state agencies to stop investing in China and sell assets there as soon as possible, citing financial and security risks, a sign of ...
Electric vehicles made in China are spreading around the globe. But don’t assume they’re all produced by Chinese carmakers. On Sunday, Japan’s Nissan announced it will sell China-developed ...
Prior to March 2018, the State Administration for Industry and Commerce (SAIC; Chinese: 国家工商行政管理总局) was the authority in the People's Republic of China responsible for advancing legislation concerning the administration of industry and commerce in the People's Republic. [1]
China's blue-chip CSI 300 index rose 2% and the yuan firmed following the report. ... -China is considering a plan for local governments nationwide to buy millions of unsold homes, Bloomberg News ...