Business Forums : Business Money Management
Business in China...By: James012 [29-March-09 6:48AM]1 posts |
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I really want to post this post to warn people doing business with chinese suppliers to take care from this company HK star pioneer int'ltd and their website is sp-oem.cn .They ask u to send u money via western union.HK star pioneer int'ltd is scam.plz take care
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Re : Business in ChinaFind Accountant [30-March-09 8:03PM] 65 posts |
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Thanks for the advice, but what is the scam? | |
Re : Business in ChinaMariaJ [10-May-09 6:33PM] 27 posts |
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What kind of disparity you are talking about? Disparity between western and eastern nations? Dispartity between west and east China? Disparity between rich and poor? Email to let me know, and then I will let you know. | |
Re : Business in ChinaFigurewizard [12-May-09 5:37PM] 33 posts |
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It is not remotely normal business practice for a Chinese supplier to ask for prepayment in the way you describe. Any request for payment other than by letter of credit is a red flag. Ideally if you are dealing with a new supplier your letter of credit should also require a certificate of validation by their local chamber of commerce, (Canton Hong Kong etc.) and you should confirm that this has been done directly with them. | |
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