UPDATE: March 22nd, 2018: President Trump Proposes $50 Billion in Tariffs on China

Top 10 U.S. trading partners for goods ($billions), year-to-date 2017

With the United States pulling back into an isolationist and protectionist stance and China extending its reach as a new global economic leader, who will come out ahead on the balance sheet as these two giant trading partners adjust their positions?

“The eyes of the world are turning to the East. A historic opportunity has opened up a vast strategic space for us to gain superiority. The drawbacks of capitalism have provided China with its chance to ride to the world’s rescue. China offers a completely new option for solving the common problems of humankind. This new option is called, The China Solution.” {Front page editorial Jan. 15 People’s Daily}

Continue reading UPDATE: March 22nd, 2018: President Trump Proposes $50 Billion in Tariffs on China

“Trade wars are good” according to Trump

On March 1st, Trump declared the U.S. would levy penalties of 25% on steel and 10% on aluminum imports. The details aren’t clear yet and it has yet to be explained whether the tariffs will apply to raw materials or finished goods. What is clear is that:

  • Imports make up about one-third of steel consumed by U.S. auto, aircraft, appliance manufacturers and other industries.
  • Containers & packaging make up about 18 percent of aluminum consumption in the U.S.
  • Imported aluminum is 90 percent of all aluminum.
  • Canada is the largest supplier of both to the U.S., responsible for more than half the aluminum and about 17 percent of steel.

Continue reading “Trade wars are good” according to Trump

This Holiday Kills Launches; Use These Expert Tips If You Want to Survive

Chinese New Year is now over and factories in China are starting to resume business this week. After our blog post from January on the Chinese New Year topic, Tracy Leigh Hazard, industrial designer, columnist for Inc.com and our dear friend, decided to chat with the Genimex team on the impact on product launches during this time of the year where she has summarized her thoughts as well as David Chitayat’s in this fun article entitled “This Holiday Kills Launches; Use These Expert Tips If You Want to Survive” which explains “everything you need to know about how Chinese New Year affects business and product launch timing, well after the holiday; and the crucial do’s and don’ts to avoid spiraling. Continue reading This Holiday Kills Launches; Use These Expert Tips If You Want to Survive

Genimex at the leading international consumer goods trade fair Ambiente – February 9th-13th 2018

Want to manufacture a product in China? Come meet the Genimex Team at the Ambiente 2018 (February 9 – 13) and we’d be happy to help you with your product design, product engineering, manufacturing in China, quality control and shipping. The Ambiente show will be held in Frankfurt am main, Germany February 9th-13th 2018. Contact us now at info@genimexgroup.com to setup an appointment.

Make your appointment now

How does the Chinese New Year impact Manufacturing?

We are once again at the busiest time of the year for us (December-January), when our clients and potential clients speed up their decision making due to the approaching Chinese New Year holiday. Some even panic when they ask us the dates and realize it’s just around the corner… so we thought we’d write an article about why is it a stress factor and what really happens during Chinese New Year and how to cruise through it without too much disruption in your supply chain.

What is Chinese New Year?

“Chinese New Year (CNY)”, or “Spring Festival” is considered the Thanksgiving or Diwali of China only on a much larger scale. Continue reading How does the Chinese New Year impact Manufacturing?

Worried about your factories in China during the environmental crackdown?

Some of you have probably heard from your agents or factories in China that they were shutting down manufacturing facilities and didn’t know when they would open again. Will they make you wait for months or will they just stop manufacturing altogether until they get up to code? But how can you know if you are at risk? Continue reading Worried about your factories in China during the environmental crackdown?

Come meet Genimex at the New York Coffee Festival 2017 to learn about how to manufacture your coffee product in China.

Got a Coffee related product or idea? Want to manufacture it in China? Come meet the Genimex Team at the New York Coffee Festival 2017 (October 13 – 15) and we’d be happy to help you with your coffee product design, product engineering, manufacturing in China, quality control and shipping. The New York Coffee Festival will be held at the Metropolitan Pavilion at 125 West 18th Street, New York, NY 10011 October 13-15th 2017. Contact us now at info@genimexgroup.com to setup an appointment.

Sign-up here

Distributing your Brand in China

China represents a $250 billion market for US companies today, according to estimates of the U.S.-China Business Council. McKinsey & Company estimates that 76% of China’s urban population (550 million people) will be considered middle class by 2022 making it the 3rd-most populous country in the world with more than 160 cities with populations of at least 1 million.

Additionally, the e-commerce opportunity should not be missed with Chinese consumers buying $589.61 billion (+33.3% from 2014) worth of goods, according to the National Bureau of Statistics in China, compared to only $341.70 billion spent online in the US in 2015. The same year, China’s 500 largest e-retailers grew their combined online sales by 60% to $198 billion. Continue reading Distributing your Brand in China