Fraudulent Activities in China

Dear Member,

In the letter sent to our Chamber by TOBB, the letter of the Ministry of Trade dated 08.04.2022 and numbered 73626827, with reference to the letter of the Beijing Commercial Counsellor's Office, states that recently many Turkish companies have been defrauded by Chinese companies, through advance payments or large-scale down payments, with promises of prices for raw materials/intermediate products well below the market average; that most recently a Chinese company named "Inner Mongolia Junsai Chemicals Co. Ltd" defrauded a Turkish company in a similar way; and that, considering the possibility that other Turkish companies may also make purchases without contacting the Commercial Counsellor's Office, it is deemed useful to inform our companies both about the said company and about fraudulent activities in general.

 

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Date Added :2022-04-14 03:30:00