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Aliuser has come up with a list of  International Trade Terms for shipping and global trade upon the request of users.

Click on the link below to see  a collective of trade-related vocabulary and trade terms that are of useful to our users.

Glossary of International Trade & Shipping Terms

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Alibaba.com provides a few tips to suppliers who want to escalate themselves to become super suppliers.  For those who succeeded in performing a 3-step task, they will get free promotion in the new Super Supplier Channel.  

 

Alibaba.com Super Supplier October Offer

Alibaba.com Super Supplier October Offer

Of those tips, Alibaba.com gives away 3 formulas: 

  1. Display more products so as to enable buyers can find them in search results.
  2. Downloading TradeManager, an IM tool, will gap the bridge between suppliers and buyers and get feedback faster.
  3. Upload your own portrait photos on-line in order to become more trustworthy. 

“Our Super Suppliers believe that you can set yourself apart from other faceless suppliers and buyers trust faster with a face picture”

On top of it, Aliuser would like to offer a few suggestions to enhance its usability, creating a more engaging users experience:

  • Given that ONLY Alibaba registered users are eligible for the Super Suppliers program, the following information – “Not a member yet? Let us make you a Super Supplier for FREE. Join now!should be placed in a more prominent  position for clarity
  • The content on the right and the left seems to be the same. Not sure how they are different from each other?
  • Instead of opening up new individual window for each step to complicate the process, it may be worthwhile to consider a three-in-one task while developing the user work flow so as to minimize drop off rate. It will definitely be beneficial to users but unfortunately create more work to engineers! Life is a trade-off though
  • Take away icons or graphics that are not value-added or are meaningless to users. It also can make the page lighter
  • May consider TM “Super Supplier”

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Chinese exporters may feel the pinch by experiencing a sluggish trading atmosphere in the 103rd Canton Fair Yet, it may also be the right moment for them to rethink of their online marketing strategy. 

Tough year for exporters at 103rd Canton Fair!

From what we’ve seen in the last session of Canton Fair, we found not as many buyers from the U.S. and the European countries as it used to be. Instead we’ve seen Indians, Pakistans and some other South Americans seeking for bargains.

The show has so far secured 128,155 foreign buyers in attendance,  a 5.8 percent decrease than the last spring fair. The number of US importers slipped 23.3 percent and those France, Germany fell 11.8 and 9.5 percent, respectively. 

Time to map out a new online marketing strategy

B2B partner

Some sophisiticated suppliers admitted that they should look for additional channels to promote their products other than using offline promotion in trade shows. Over the past few years, we’ve seen a collection of B2B marketplaces springing up in the China territory, which help removing hurdles in global trade by taking advantage of online community and trading platforms.

To use an analogy, the situation the Chinese exporters are now facing is like a glass filled with half water. You can tell it’s half empty permissively  or you can be positive enough to say there’s still another half need to be refilled. It’s a matter of how you think.

Stronger yuan and weaker world market soften the export growth 

Besiegned with the rising yuan and unfolding credit crisis in the U.S., it’s widely expected that there’s a slowdown of purchasing orders and buyers’ turn-out rate in the trade fair.

China’s exports to the United States rose just 5.4 percent in the first quarter over the same period last year.

Exports to the European Union, which overtook the United States last year as China’s biggest trading partner, rose 24.2 percent in the first quarter, while shipments to Vietnam, Brazil and Russia leaped by 89.5 percent, 77.6 percent and 51.6 percent, respectively.

“External demand from Western countries, including the United States, Britain and Europe, is very sluggish, which does not support such a fast rise in export growth,” said Zhao Qingming, an economist at China Construction Bank in Beijing.

Early in April, the World Bank cut its 2008 forecast for China by 0.2 percentage points to 9.4 percent — its second reduction in as many months. The Asian Development Bank also lowered its 2008 forecast for China’s economic growth to 10 percent from 10.8 percent.

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In anticipation of further weakening of the US dollar, the vast majority of almost 700,000 Chinese suppliers no longer use dollars to settle non-US transactions, Alibaba’s chief executive David Wei told Financial Times recently.

Abandoning the dollar is an attempt to minimize currency risk. David Wei explained his company’s position, saying that prior to greenback volatility, dollar prices were valid for a month or two. Those same quotes are now good for just seven days.

The dollar has long been the currency of choice for Chinese and other exporters around the world. However, the impact of its recent weakening has led exporters to begin questioning its place as the de facto world currency.

Full report from Financial Times


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