| Body: | | | | River and Yangtze River delta. Qingdao, |
| | | | another port famous for global sourcing and |
| Shandong establishes China's largest | | | | international trade has long served both |
| multinational purchasing center and is the | | | | multinational purchasing and global sourcing |
| cynosure of multinational purchasing and | | | | besides nurturing countless trading companies |
| global sourcing agents. The emergence of | | | | which attracted global sourcing corporations |
| Shandong and surrounding areas, especially | | | | & suppliers online to setup operations there. |
| the suppliers online, has made it possible | | | | Qingdao is fast becoming the darling of |
| for manufacturing to meet the demand for | | | | multinational purchasing and global sourcing |
| "Made in China" products by multinational | | | | organizations as well for the suppliers |
| purchasing and global sourcing agents. | | | | online that are buying commercial assets. It |
| | | | is the city of first choice for multinational |
| Shandong has much to owe to the government | | | | purchasing agents to keep their global |
| policies on multinational purchasing, which | | | | sourcing efforts in North China. |
| can be summed up as follows | | | | |
| | | | -Suppliers Online |
| 1. Permitting foreign multinational | | | | |
| purchasing trade centers to trade | | | | On the other hand, suppliers online can |
| | | | showcase their products better than offline |
| 2. Putting in place a framework adapting to | | | | stores at a fraction of cost. Coupled with |
| broad range of trading models including ODM | | | | the emergence of internet, suppliers online |
| | | | are tipped to have a stellar future ahead |
| 3. Pulling down red-tape in customs, taxation | | | | with quite a few established multinational |
| and foreign exchange | | | | purchasing centers around. |
| | | | |
| It is note worthy that; home grown suppliers | | | | Regrettably, a few suppliers online are |
| online & multinational purchasing enterprises | | | | sabotaging the system using internet to hawk |
| are hand picked to represent China in | | | | substandard/illegal products to unsuspecting |
| multinational purchasing forums. Next, the | | | | their multinational purchasing customers. |
| multinational purchasing & global sourcing | | | | Perturbed by this, some prominent suppliers |
| agents are upbeat about sources around | | | | online are verifying their TOS & privacy |
| Shandong, located in the important | | | | policies through eminent auditors to dispel |
| Rim-Hunaghai & Bohai Circle, naturally, so | | | | mistrust. |
| are the overseas global sourcing companies. | | | | |
| Multinational purchasing companies are | | | | Unfortunately, things are deeper than |
| concentrating on Chinese supply market for | | | | initially assumed to be; suppliers online |
| its robust logistics which is evident by the | | | | believe that they are immune from hot checks, |
| interest evinced to embark on their global | | | | credit card fraud and a host of other |
| sourcing commitments from China. | | | | problems multinational purchasing and global |
| | | | sourcing sector complains of, although many |
| In the past multinational purchasing and | | | | suppliers online have adapted ethical |
| global sourcing firms were focused on Pearl | | | | features. |