something happened to my industry last year...........
- Chinese buyers ordered products from my US peers, they paid deposits. When cargo reaches China ports, they will pay the balance so that sellers release shipping documents.
- However, the buyers filed reports with China customs to confiscate the cargo for various reasons (non-compliance, intellectual rights infringement, etc).
- Then the buyers buy cheaply from China customs to obtain the cargo. It's their latest trick, still happening this year.