There are many factors that foreign purchasers consider when screening suppliers, three of the most important.
First, safety is the most important. If the Chinese supplier is not safe and has a high risk factor, even if there is a very good expected profit, the foreign buyer should choose a more secure and stable supplier, in order to reduce the revenue in exchange for a safe and smooth project. Therefore, it is very important to conduct legal due diligence on the companies of new suppliers. Even for old suppliers who have been working together for many years, due diligence should be conducted at regular intervals to understand your supplier's operations. Through the investigation of Chinese lawyers, you can find out the legal status of your supplier's company, changes in registered capital, changes in shareholding, whether it is involved in litigation disputes, whether it has been subject to enforcement measures by Chinese courts, the status of the supplier's patents and certificates, financial information and other important information. The above information can help purchasers assess the credibility of suppliers.
Second, economic interest is a prerequisite for cooperation. The buyer purchases goods from China in order to sell them in the local market and gain considerable profits. As a buyer, it is natural to want to keep the purchasing costs low, and the lower the purchasing price, the higher the profit. Of course, quality is also a necessary consideration, and in the case of the same quality, the supplier with a more favorable price is preferred.
Finally, the purchasing process is happy and pleasant. As a buyer, hope with their supplier is a friendly, optimistic and enthusiastic person. Being able to quickly understand the buyer's intentions, the process of communication between the two parties is easy and pleasant. No buyer wants to spend money dealing with an unfriendly supplier. A pleasant working atmosphere and communication environment is also something that buyers need.
Buyers will only consider further negotiation or even cooperation if they can ensure safety. We hope all buyers can find quality Chinese suppliers and have a happy negotiation!