China in Overview

China in Overview

China started to reform its economy in 1978, with the reform and opening up program, since then they have averaged a 10% GDP growth annually. This significant growth sees China leading the world measured in Purchasing Power Parity (PPP) with $30 Trillion (estimated by IMF). The economy has lifted over 800 million people out of poverty, providing significant improvements in health, education and other services along the way.

Trade Overview.

In July 2022, the top exports of China were Computers ($17.6B), Telephones ($17.1B), Integrated Circuits ($12.8B), Semiconductor Devices ($6.43B), and Electric Batteries ($5.33B). In July 2022 the top imports of China were Integrated Circuits ($34.5B), Crude Petroleum ($30.2B), Iron Ore ($11.5B), Gold ($9.96B), and Petroleum Gas ($6.44B). Source: https://oec.world/en/profile/country/chn

China is the world's largest manufacturing economy and exporter of goods and as such it is also the biggest marketplace for inspections, from pre-shipment inspections to supervised container loading.

Value added by Pre-Shipment inspections conducted by local inspectors.

Transit times vary depending on geographical position in China, with goods from southern China taking 6 weeks, mid taking 7 weeks and manufacturers based in the north taking up to 8 weeks to reach their destination. Pre-shipment inspection by local inspectors don’t affect these logistic times, thereby adding value to the process without slowing it down.

By using our inspections marketplace you can book a Pre-Shipment Inspection or even a During Production Inspection (DPI/DUPRO) through us and not have it influence your transit times.

Why use inspexion.com the comparative inspection marketplace?

Inspexion has local inspection expertise in China both independent professionals and companies.

With our unique marketplace you can request an inspection, receive and compare multiple quotes and get a verified inspector to do an inspection quickly. So that you can keep your shipments on track and make the most of seasonal markets.

Don’t miss out log on to inspexion.com and request an inspection.