Is it possible to buy products from China and pay later?
Yes. If you can open a forward L/C (letter of credit) from your own bank to the factory you can buy like this. For example if you open a L/C 180 days, that means you will pay after 180 days. Sometimes the factories don’t accept this payment so in this case we have an export company (one of the biggest half-state-owned Holding companies in China) which accepts this term, so we will do the transaction through this company, which means you can pay after 180 days for all the products that you buy from China.
