PRODUCT sourcing and manufacturing company Inveni Business and Technology Ltd is encouraging local businesses to tap into the Chinese market, especially given the current devaluation of the Chinese currency.
The company’s managing director, Michelle Low Chew Tung, believes now is the perfect time to do business with China.
“The effects of China’s currency devaluation are far-reaching. However, the short-term consequences of the devaluation are fairly straight forward. Chinese exporters will benefit as well as those who import from China. The devaluation signals lower prices on Chinese exports, and represent a good time to buy Chinese goods,” she said during a recent interview with Express Business.
She said the reality is that sourcing goods from China is not as easy as many think.
She said businesses face major challenges such as the language and cultural barrier.