Foreign trade needs to transform in the new environment

2017-04-27

Foreign trade business is indeed easy to do. In the early years, when reselling goods from the south to the north, many people earned a bucket of gold from the front; As time goes by, the first batch of people who can speak English do foreign trade and resell things from China to abroad, earning a lot of gold. Now it seems that these people who made money earlier took advantage of the "information asymmetry" of that era. At that time, there were fewer foreigners who knew about China, and fewer Chinese people who wanted to do business with foreigners. A bold person takes the lead and earns money.

Today, international trade is a bit difficult to do. One rare reason is that with the help of developed internet, information flows freely and becomes highly transparent. Imagine, customers have a better understanding of production models and procurement channels than you, and you still want to maintain high profits. How could it be so easy?


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