News – Source International

upbeat on economy

UPBEAT ON ECONOMY – U.S. COMPANIES IN CHINA SHOW INCREASING CONFIDENCE

A recent AmCham China survey of over 400 of its members finds greater optimism about future of U.S.-China relations and its members generally upbeat on economy.  Confidence within the American business community toward China’s economy is strengthening, despite significant concerns about the regulatory environment and the possibility of Trump Administration action against Chinese trade and investment practices.  Some 36 percent of respondents believe relations between the two countries will improve this year, compared with 17 percent last year, possibly influenced by the perceived success of President Trump’s visit to China and that of President Xi Jinping’s earlier trip to the U.S. 

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Source Direct

SOURCE DIRECT AT THE ASD SHOW-SEE YOU THERE!

Please join Source International Managing Partner & COO, Mr. Jim Ullum at the ASD Source Direct Show for Sourcing Seminars that will take place from March 11-14 2018 at the Las Vegas Convention Center. The Source Direct Seminars are all FREE to attendees and are filled with interesting and informative sessions each day. SourceDirect is the destination for all things sourcing.Visit with more than 300 international suppliers, all under one roof. Source Direct at ASD Market Week is the # 1 place where importers, distributors, wholesalers, sourcing professionals and volume buyers can source products directly from factories around the world.  There is no better place to source an array of product mixes; from gift and home accents, to fashion accessories and the latest electronic accessories plus gain valuable knowledge all in one place!

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ASIA MANUFACTURING COST DRIVER REPORT-2017 Q4

In the fourth quarter of 2017, most raw materials in Asia continued their upward movement in price.  Many grades of plastics, rubber, steel, other metals, wood, paper and ceramic raw materials all went up in price while aluminum and stainless steel and many grades of textiles moved down in price. Petroleum and fuel prices are all up in Q4 but Labor Rates and Ocean Freight rates both remained steady. The US Dollar lost a little bit of ground against most of the Asian currencies in Q4 about 1-3%. China imports and exports both saw significant increases in the quarter and, in addition, the China PPI and CPI and PMI indexes all saw a little drop in the final quarter of 2017.  The general trends are represented on our handy chart and for all the details, please download the entire report.

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Source China

HAPPY HOLIDAYS FROM SOURCE CHINA

Santa made his annual stop at the Source Xiamen office this week to wish everyone a Merry Christmas and Happy Holiday Season. After confirming that there was no one on the “Naughty List”, Santa and his helpers distributed lots of goodies and gifts and stopped to pose with the team to take a photo before heading out in his sleigh to his next destination.  As Santa left the Source China office, the bright nose of Rudolph could be seen glowing in the Xiamen sky and all the boys and girls heard him say…”Merry Christmas to All”!

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MADE IN CHINA QUALITY IS CHANGING

For years, Made In China meant be weary of quality. And, while there are still many manufacturing plants that require close supervision and policing to make sure the quality is acceptable, China entered a new era with the maiden flight recently of the China’s large passenger jet C919.

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THE FORTUNE GLOBAL FORUM HELD IN GUANGZHOU

World business and government leaders gathered the first week of December in Guangdong Province’s capital, Guangzhou for the Fortune Global Forum.  Alibaba’s Jack Ma, Apple’s Tim Cook, Tencent’s Pony Ma, Foxconn’s Terry Gou, Ford Motor Company’s Bill Ford, HSBC’s Stuart Gulliver, YTL Malaysia’s Tan Sri Francis Yeoh, AB InBev’s Carlos Brito were among the corporate leaders attending

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ASIA MANUFACTURING COST DRIVER REPORT-Q3, 2017

A clear trend emerged in the third quarter with most cost drivers rising in price. Plastics, steel, alum, metal, paper, textiles and ceramic raw materials all rose in price while rubber went down in price and wood prices meanwhile remained mostly flat. Petroleum and fuel prices saw a huge rise in third quarter and labor rates remained unchanged in the lower wage counties. The US Dollar lost a little bit of ground against most of the Asian currencies in Q3 while ocean freight rates showed little change. China imports and exports both saw significant increase in Q3 and the China PPI & CPI were both up slightly. One very bullish sign is that all the PMI indexes saw steady improvement in Q3, remaining above 51 and signaling an expanding economy. Below is a chart of the general trends and for all the details, please see the entire report.

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CONVERGENT CAPITAL CONGRATULATES SOURCE

CONVERGENT CAPITAL CONGRATULATES SOURCE

A congratulatory announcement was placed by Convergent Capital of Minneapolis, Minnesota in the Sunday, October 8 edition of the Louisville Courier-Journal as a thank you for a successful payoff by Source of the capital infusion made by Convergent in 2009…

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asia manufacturing cost drivers

ASIA MANUFACTURING COST DRIVERS REPORT-Q2, 2017

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In the second quarter some raw materials in Asia went down in price while some continued on their upward price trend. Overall, though the commodity market seems to have peaked, at least for now. Many grades of plastics, rubber, industrial metals, wood and glass raw materials raw materials went down in price while steel, aluminum and paper mostly rose in price. Ceramic raw materials and textiles prices meanwhile remained mostly flat. Petroleum and most of fuel prices were down in this quarter and labor rates inched up in the lower wage counties. The US Dollar lost a little bit of ground against most of the Asian currencies in Q2. China imports and exports both saw up in the quarter and the China PPI was down slightly while the China CPI was up slightly. One very bullish sign is that all the PMI indexes saw steady improvement in Q2, remaining above 50 and signaling an expanding economy. Below is a chart of the general trends and for all the details, please see the entire report.

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ASIA MANUFACTURING COST DRIVERS REPORT – Q1 2017

There were no clear commodity price trends in the first quarter with some raw materials in Asia going down in price while some continuing on their upward price trend begun in the fourth quarter of 2016. Many grades of plastics, rubber, steel, paper and ceramic raw materials went down in price while aluminum, other industrial metals, and glass raw materials mostly rose in price. Wood and textiles prices meanwhile remained mostly flat. Petroleum and fuel prices backed off their sharp 2016 increases and labor rates inched up in the lower wage counties. The US Dollar lost a little bit of ground against most of the Asian currencies in Q1 while ocean freight rates showed little change. China imports and exports both saw significant decreases in the quarter and the China PPI was up slightly while the China CPI was down. One very bullish sign is that all the PMI indexes saw steady improvement in Q1, remaining above 50 and signaling an expanding economy. Below is a chart of the general trends and for all the details, please see the entire report.

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