E-commerce? Yes, because it is the trend & the future

work from home clothes

I have worked in the apparel export field for nearly 20 years, up to now. Export business was easy before: worker’s salary is low in China, no trade war between the US and China, and no negative impression on China (due to Covid-19).

Now everything has changed:
1, Buying power in western countries was seriously affected by the virus. Wholesalers are not sure when the virus can be controlled and the economy can recover.
2, Consumers are confined to stay at home;
3, Relationship between China and western countries is worsening, thanks to the “Wolf Warrior diplomacy”.

However, I am still confident about focusing in the apparel field, things can change, but PROFESSIONALITY CAN ONLY COME FROM WORKING EXPERIENCE. 

The change should be how to run my business: we served big clients and wholesalers before, we will emphasize on wholesalers and retailers more from now on, with our good quality products, good service, and good price.

Here are the products on my company’s e-commerce website: https://www.eretail.grandcrowncn.com/product-category/apparel/ and we are working on apparel using Dralon and Mulberry Silk fabric work from home underwear & Bottoming shirts, so the hand feeling is very very soft. Compared to the buyers in western countries, we have closer connections with yarn factories, dying factories and sewing factories. this is our advantage.

Difficulties? There are many, how to let people know us and trust us? How to solve the get the lowest shipping cost? We are solving the problems.

Will do something, because E-commerce is the future.

Continue Reading

Weekly Reading Summary: Aug. 31-Sep. 06, 2020

  • The Economist August 29, 2020
    • Regimes that rule by fear, live in fear.
    • To get a release in China, movies must avoid the “three Ts” of Tiananmen, Taiwan and Tibet.
    • It is strictly enforcing rules that require co-productions to have at least one-third of their investment from Chinese partners, at least one scene shot in China and a cast that is at least one-third Chinese.
    • Foreign studios also discovered co-production. Movies made in partnership with a Chinese company qualify as domestic and are thus exempt from the quota system.
    • In 2005 China had 4,000 theatre screens, slightly more than Britain at the time. Last year it had nearly 70,000, according to Omdia, a market-research company, almost equal to America and Europe combined.
    • Until China reforms the way that hospitals are financed, even doctors with “good hearts” will face pressure to earn revenues for their department (and performance-related pay for themselves and their colleagues) by over-prescribing drugs, tests and surgical operations.
    • For years China’s priority has been shiny high-speed trains, Olympic stadiums and aircraft-carriers to awe the world. A true superpower would build a health system to match.
    • China has more people with dementia than any other country—an estimated 9.5m people (it includes Taiwan in its total).
    • Japan has the world’s oldest people, with 28% of the population aged 65 and over and 2.4m people over 90, including more than 70,000 centenarians. (In America, with a population two and a half times as big, 16% of the population are 65 or over, and there are 97,000 centenarians.)
    • Care work is undervalued, underpaid, emotionally draining and physically exhausting. Yet it is, in my view, highly skilled. It requires enormous maturity and resilience; deep wells of kindness, too.
    • The rooftop solar industry stands to benefit from a new Californian mandate that requires new homes to install panels on their roofs from this year.
    • Greater Seoul is home to half of South Korea’s population and to the vast majority of attractive jobs, schools and entertainment options.
    • Under a jeonse contract, the tenant pays the landlord a deposit of between 60% and 80% of the purchase price to live rent-free for two years.
    • No one wants to see a sudden house-price crash at a time when the economy is already suffering a pandemic-induced slowdown. The economic fallout from the virus could curtail household incomes. That might delay the economic recovery as people cut back on their spending in order to service their loans, although interest-rate cuts should provide some relief.

那些多长几岁或者某方面小有建树的人,很容易犯一个毛病:“排斥异己”,抵制与自己相左的观点和新知识,这种现象也被称为“功能性文盲”。

诺贝尔经济学奖获得者弗里德曼曾说过:“花自己的钱办自己的事,最为经济;花自己的钱给别人办事,最有效率;花别人的钱为自己办事,最为浪费;花别人的钱为别人办事,最不负责任。”

认知,最重要的不是知识(knowledge),而是致知(knowing)。毕竟,我们将卓越的知识定义为由卓越的致知行为产生的任何知识。“致知决定知识”。

Continue Reading

Weekly Reading Summary: Aug. 24-Aug. 30, 2020

The Economist [Fri, 21 Aug 2020]
By one Federal Reserve measure, around 2% of black families have assets worth more than $1m; over 15% of white ones do.

Xinjiang is at the heart of China’s cotton, yarn and textile industry, the world’s biggest. The region supplies 84% of the country’s cotton.

Calculations from Goldman Sachs, a bank, suggest that a 15 percentage-point rise in the share of the population that wears masks would reduce the daily growth of cases by about one percentage point. That obviates the need for lockdown measures that would otherwise subtract nearly 5% from GDP. The Economist took those calculations a step further. According to our reckoning, an American wearing a mask for a day is helping prevent a fall in GDP of $56.14. Not bad for something that you can buy for about 50 cents apiece.

有一句话很有道理:想要拥有良好的人际社交关系,那就不要跟任何人分享成功的喜悦。
人生的高光时刻,往往是平凡的一天。没几个人,期望听到你的好消息;只有自己,在心中默默响起了掌声。

华盛顿说:“我虽然对权力不感兴趣,但我无法保证其他人也是如此,所以我要用一种方法控制住权力。”三权分立由此而生。后逐渐衍生出两党。民主党共和党之间总是骂声不断,议会上常常因为分歧大打出手。但因为他们的骂声,受益的总是人民,因为他们大打出手,民众才少了更多纷争。而且一但国家受到危险,两党也会变成坚实可靠的战友。

跟随马斯克12年的助理玛莉,要求大幅调薪。马斯克对她说:”你先放两个礼拜的假吧!让我想想。”
过了两个礼拜,马斯克发现没有玛莉,他一个人也能稳妥地完成工作,就拒绝了调薪要求。
-《年资高,工作量大是谈加薪最大筹码?》

传统是延续薪火,而不是崇拜灰烬。
——古斯塔夫·马勒

当代的中国社会不再需要神话来壮胆,不需要一夜之间就醒悟的故事来激励人心,不需要瞬间成长的英雄来拯救国家… 我们只需要讲述真实历史,就足以告诉后代,这个国家是一个伟大的国家,这个国家有光明的前途。

李安:“我觉得孝顺其实是一种过时的观念,当然跟中国人讲,可能几百年还讲不过去,这是一种根深蒂固的存在。可是在我自己的思想里面,还有自己家庭生活里面。我已经不教小孩孝顺这样的东西。他们不晓得,只要爱我,彼此尊重就可以了。”希望每个人都能理解,爱和尊重比孝顺更高级。

Continue Reading

Weekly Reading Summary: Aug. 16-Aug. 23, 2020

 

The Economist [Fri, 07 Aug 2020]
Many students buy the university experience not just to boost their earning capacity, but also to get away from their parents, make friends and find partners.

In Australia foreign students provide a quarter of universities’ income. In Canada the tuition fees for a science degree at McGill, one of the country’s top universities, cost C$45,656 ($34,000) a year for an overseas student, compared with C$2,623 for a local.

The Economist [Fri, 14 Aug 2020]
Mr Xi’s new economic agenda is to make markets and innovation work better within tightly defined boundaries and subject to all-seeing Communist Party surveillance. It isn’t Milton Friedman, but this ruthless mix of autocracy, technology and dynamism could propel growth for years.

LAST YEAR Zotye, a carmaker, used it to tackle weak sales, and Wuliangye, a distiller, to improve the quality of its baiju; it helped Zheshang Bank to digitise its operations and catalysed the development of energy-saving technologies at China National Nuclear Power. “Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era” is, on the basis of these companies’ annual reports, quite the business-practice panacea.

世界变得越来越复杂,人们意识不到自己有多么无知。结果是,一群对气象学或生物学一窍不通的人就气候变化和转基因作物等议题吵翻了天,而另一群根本不知道伊拉克或乌克兰在哪儿的人,极力主张要对这些地区采取行动。人们很少发觉自己的无知,因为他们会沉浸在一个高度同质性的环境中,其信念被不断自证与加强,鲜有相左之声。 — 尤瓦尔·赫拉利(《人类简史》作者)

曾看到一句很经典的话:当年,懂毛的去了台湾,懂老蒋的留在大陆,两个都懂的去了美国。

他只是辍学,并没有停止学习。

在人类学家玛格丽特·米德的论述里,人类文明最初的标志是“愈合的骨折股骨化石”——在远古时代,断了股骨的人,除非得到他人帮助,否则必死无疑,因为伤者不能打猎,也难逃野兽伤害。

Continue Reading

Visit to Temple, Mansion, and Cemetery of Confucius

Confucius (BC 551-BC 479) is very famous in China, and his theory has influenced Chinese for thousands of years.

A quick Q&A:
Why Confucius is so famous in China? Simple, he has developed theory on how to be a good man, and also, he is supporter of emperors.

Absorb the good things and reject the bad things. This is my principle to his theory.

Visited Temple, Mansion, and Cemetery of Confucius last week.
Temple of Confucius: built by Duke Ai of Lu (BC 521-BC 468) in year BC 478, after Confucius passed away;
Mansion of Confucius: built in year 1377, mansion of Confucius’ descendants, obviously, Confucius has not lived there;
Cemetery of Confucius: Confucius buried there, and in year 1684, it is expanded to 1,998,000 square meters, of course, allowed and supported by the government (Ming Dynasty).
The temple, mansion, and cemetery has been renovated several times ever since built.

Temple of Confucius:
Gate:

The Chinese letters on memorial gateway means Confucius is the best in history:

Red plate on Cypress means this tree is more than 500 years:

Continue Reading

Weekly Reading Summary: Aug. 03-Aug. 09, 2020

The Economist [Fri, 24 Jul 2020]
Farmers say crops tell the story: if you see cotton, it’s the south; if wheat, the west. Only when gazing on great expanses of corn or soyabean are you in the Midwest.

A report last September by a group of mayors noted that 86% of Americans live in metro areas, producing 91% of national income.

The best-run cities of America’s Midwest offer lessons in recovery
– If a town centre is an attractive place to live, work and play—with renovated bike paths, lots of parks, restaurants and nightlife—that draws young graduates, the newly retired and more.
– Cities also do well when they tap their own resources, or local social capital, instead of hoping for federal help or for a one-off giant investor who, with enough subsidies, will come in as a saviour.
– Another lesson is that the most successful places bet on “eds and meds”. Cities with a decent university or an expansive hospital system (often the two go together) reliably outperform others.
– cities with the deepest pools of talented workers tend to be long-term winners.
– Investing in its people is, ultimately, the Midwest’s greatest strength

One insight: rather than luring investors with incentives, cities should just create appealing living conditions. A second: cities have more assets than they realise. Public land can be exploited to raise funds for redevelopment and better public transport.

Average life expectancy, at 60 years, is decades less than in richer places. Violence is partly to blame. On May 31st 18 people were murdered in Chicago, its bloodiest day in six decades. Yet Melvin, a barber, won’t blame those in Englewood. “Once you got torn down neighbourhoods, abandoned buildings, drug infested, guns, then you know these kids, they’re vulnerable.” Many homes, shops and churches have been boarded up for years. A Whole Foods supermarket opened in 2016, but is mostly used by commuters who pull in from a motorway. Chicago can feel almost as segregated as South Africa just after apartheid. The common story of Bronzeville and Englewood is of slow-motion ejection of African-Americans. The mostly white, Hispanic and Asian populations north of Chicago are flourishing. But black residents are flocking out. The black population in the city has shrunk by nearly 290,000 this century. People go to suburbs, to Indiana or, in a “reverse great migration”, back south. The census this year is likely to show, for the first time, more Hispanics than African-Americans in Chicago.

“How can you provide a middle-class way of life if the jobs are serving omelettes in a restaurant?”

Training does not have to mean four-year degrees. Instead what is needed are vocational skills that can be taught simultaneously by companies and colleges.

The bulk of our success is in advanced manufacturing, in family-owned, mid-sized firms in their third or fourth generation of ownership, just like in Germany.”

TO BUILD A great city is simple, the politician Daniel Patrick Moynihan once said. First create a university, then wait 200 years. They in turn spread prosperity, in three ways. One is to bring in young people, often a city-sized population. Second, universities pool employable talent. Third, universities can refocus a city’s economy.

On average, 32% of Americans (25 or older) have at least a bachelor’s degree.

The average age of cars on American roads has approached almost 12 years, and around a quarter are at least 16 years old, according to IHS Markit.

Continue Reading

Fight against the UNQUALIFIED PPEs

I am a Chinese!

To Chinese: it is not ashamed to admit problems, it is shameful to hide and do the wrong thing.
To non-Chinese: Chinese are also human beings, there are good people and bad people, same as in your country.

It is a hard year for apparel business (my main business, worked in this field for 20 years, up to now), to keep business running, I have been supplying PPEs to my clients and therefore, have connections with various PPE suppliers.

To learn more about the PPEs, I have joined different wechat groups. Below is a screenshot from one group, the price is surely very very low:

The non-Chinese would say: Chinese are horrible! But, wait! Ask yourself a question: why the unqualified masks can sell? Who bought such masks? The Chinese bad businessman surely should be condemned and punished, the buyers should be the same.

I have read news on bad quality PPEs from China, there are complaints and claims from various countries, Canada even asked Chinese suppliers for recall. Unfortunately, no reports on punishment of importers read.

To fight against the unqualified PPEs, Chinese should have basic business ethics, buyers should focus on quality, rather than price only. Please believe that Chinese factories can always meet your target price, the quality will be surely a problem-if price is unreasonable, I also believe buyers know the fact.

PPEs are about life, Human Lives Matter!

Continue Reading

Summary On Visit of An Medical Protective Supplies Exhibition

The Economist [Fri, 03 Jul 2020]
Covid-19 is here for a while at least. The vulnerable will be afraid to go out and innovation will slow, creating a 90% economy that consistently fails to reach its potential. Many people will fall ill and some of them will die. You may have lost interest in the pandemic. It has not lost interest in you.

It is a hard year for everyone, at least 2020. We have seen many historic events-the rampant of Coronavirus, the death of Kobe, the US stock market circuit breaker, the date change of Olympics, the lock-down of many countries, the recession of economy,  the collapse of oil prices…, whatsoever, life need to go on.

BE ALIVE is the number 1 priority, especially for the elders and vulnerables. Herd immunity? Or strict control regardless of privacy like China? I am not sure which one is right.

It has been about 5 months since my last business trip, for security. My company mainly deal with the apparel business, however, we also deal with PPEs due to impact of the virus.

Attended a medical supplies exhibition, seems business in China is recovering. And glad to meet many good factories during the exhibition, so we can continue supply PPEs to our clients with better products.

Safety is important, China government is trying to control the spread of covid-19, airport security is wearing protective gowns, and sit on each other seat is advised:
 

Also, Chinese can generally follow the rules, everyone at the exhibition wears face mask:

Click Continue Reading to read the full content

Continue Reading

Weekly Reading Summary: June 22-June 28, 2020

The Economist [Fri, 12 Jun 2020]
As a rule, someone whose failings were subordinate to their claim to greatness should stay, whereas someone whose main contribution to history was baleful should go.

By 2016 more than a fifth of humankind was living in cities of 1m people or more. The largest 300 metropolitan areas now generate half the world’s GDP and two-thirds of that GDP’s growth.

Edward Glaeser, an economist at Harvard University, has shown that urban density increases workers’ productivity and minimises their carbon footprints.

The Economist [Fri, 05 Jun 2020]
The army kills its enemies. Police are supposed to serve and protect Americans without violating their civil rights—and to face consequences for violating those rights.

if today’s protests slide into persistent rioting, as in 1968 after Martin Luther King’s assassination, the harm they cause could be felt most keenly in African-American districts. Those people who can leave will. The left-behind will be worse off, as home values plunge and jobs and shops disappear. The police may withdraw, leading to an increase in crime, which in turn may eventually bring more violent policing. The scars will be visible for decades.

In a presidential election, fear often beats idealism. Law and order helped Richard Nixon beat Hubert Humphrey in 1968. It could work again.

The Economist [Fri, 29 May 2020]
it seems likely that infection by people who have not, or not yet, developed symptoms accounts for about a third to a half of cases.

East Asian countries’ success in controlling the disease argues in favour of masks. In many of their cities, masks have been worn for years to protect against pollution or disease, so people covered their faces as soon as they got wind of covid-19. In the West mask-wearing is alien. And in all of the countries where mask-wearing is common practice, the epidemic was swiftly suppressed.

地摊经济:

“地摊经济”是“全民创业”降维概念和运动,这是有违经济和市场规律的。我作为一名创业者,深知创业成功概率有多大,以及创业需要多大的付出和伴随的副作用有多大。摆地摊只可以起到行为和情绪的纾困,换句话说是一剂安慰剂。

从地摊经济运动,想起一则经济学法则:拇指法则(Rule of thumb)。它的经济学解释是:“拇指规则”是指经济决策者对信息的处理方式不是按照理性预期的方式,把所有获得的信息都引入到决策模型中,他们往往遵循的是:只考虑重要信息,而忽略掉其他信息。管理学,经济学和教育学中经常把“拇指规则”引申为一种试探法、经验法、启发法(heuristics)。

Continue Reading

Want 3M 1860 Masks? Be careful, you might dealing with scammers!

I run a company in China, specialized in apparel OEM and apparel stocklots business. However:
1) At the beginning of this year, China factories can not run;
2) Then later, buyers cancel orders and no new orders come in.
Therefore, we are forced to supply PPEs. Many Chinese clothes factories change to produce masks, so we can source from them easily. We firstly supply masks, and then supply other products, including Hand Sanitizers and Bottles, Protective Clothes/Gowns, Protective Gloves, Protective Medical Goggles (high quality goggles, can also use as ski goggles), Hospital Beds,Isolation Chamber, Sanitary Wipe, Infrared Thermometer, Disinfection Tunnel, Non Woven Fabric For Mask.

3M standards for good quality, and many buyers want to source 3M masks from China. We are able to supply 3M 9001/9002/9501/9502, but can NOT supply 3M 1860.

Recently one of our client contacted us for 3M 1860, and the order is real. We had an investigation on the supply chain. I am fully responsible for the information provide below:

  •  All 3M medical masks are under Chinese Government control, including 1860, 3M only supply to China Government, this is directly from my connection in 3M China.
  •  There are many brokers in China, saying that they have connections with 3M management officials, or with connections with big China State companies, so they can get the products. All are scammers!
  •  I talked with one broker, to know how they run the business, and was told 1 billion pcs can be ready within 7 days, sign contract with 3M and 3M will prepare the products from various warehouses all around the world. This could be ridiculous!
  •  I also checked with my friend who work at China Customs, they have data on how many exports of 3M, the information is very very few 1860 shipped out of China;
  • I was also told by the 3M China connection that there is no inventory at all. Not to mention 1 billion, even if 1 million pcs, delivery time is next year, if we place order now.

However, seems the broker is really working hard, he provided me the “Customs Declaration Form of Imported Goods” document, which should be issued by the China Customs and shows they have helped one Chinese company imported 50 million pcs 3M 1860 into China, as below, seems it is authentic, but there is one problem. If you can not find the tell-tale, contact me, I will advise.

Continue Reading