When it comes to sourcing products from China, it’s crucial to ensure that you are working with a reliable supplier. In this blog post, we will discuss a simple yet effective method to quickly judge the reliability of a Chinese supplier. By considering specific factors such as their business license and the presence of a US dollar account in a Chinese state-owned bank, you can make an informed decision and minimize potential risks.

1. Business License:
One of the fundamental indicators of a reliable Chinese supplier is a valid business license. The business license confirms the legitimacy of the supplier’s operations and their compliance with local regulations. To assess the credibility of a supplier, it is advisable to seek assistance from Chinese friends or other reliable sources who can verify the authenticity of the business license. They can help you confirm the supplier’s registration details, scope of business, and overall reputation.

2. US Dollar Account in a Chinese State-Owned Bank:
Another crucial aspect to consider when evaluating the reliability of a Chinese supplier is the presence of a US dollar account in a Chinese state-owned bank. Opening a foreign currency account in China requires undergoing a series of strict inspections, making it a reliable indicator of a supplier’s credibility. A Chinese supplier with a US dollar account demonstrates their commitment to international transactions and the ability to comply with regulatory procedures.

 

When engaging with Chinese suppliers, it is essential to ensure their reliability to mitigate potential risks. By considering factors such as a valid business license and the presence of a US dollar account in a Chinese state-owned bank, you can make a more informed judgment about their credibility. Remember, conducting due diligence and seeking assistance from trusted sources will contribute to a successful business relationship and enable you to find reliable partners for your EV charger business.