The China Price: The True Cost of Chinese Competitive Advantage

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Overview

In this landmark work of investigative reporting, former Financial Times correspondent Alexandra Harney uncovers a story of immense significance to us all: how China's factory economy gains a competitive edge by selling out its workers, environment, and future. Harney's firsthand reporting brings us face-to-face with a world in which intense pricing pressure from Western companies combines with ubiquitous corruption and a lack of transparency to exact a staggering toll in human misery and environmental damage. This eye-opening expose offers, for the first time, an intimate look at the defining business story of our time.

... See more details below

Overview

In this landmark work of investigative reporting, former Financial Times correspondent Alexandra Harney uncovers a story of immense significance to us all: how China's factory economy gains a competitive edge by selling out its workers, environment, and future. Harney's firsthand reporting brings us face-to-face with a world in which intense pricing pressure from Western companies combines with ubiquitous corruption and a lack of transparency to exact a staggering toll in human misery and environmental damage. This eye-opening expose offers, for the first time, an intimate look at the defining business story of our time.

Editorial Reviews

Publishers Weekly

Dreaded by competitors, "the China price" has become "the lowest price possible," the hallmark of China's incredibly cheap, ubiquitous manufacturers. Financial Timeseditor Harney explores the hidden price tag for China's economic juggernaut. It's a familiar but engrossing tale of Dickensian industrialization. Chinese factory hands work endless hours for miserable wages in dusty, sweltering workshops, slowly succumbing to occupational ailments or suddenly losing a limb to a machine. Coal-fired power plants spew pollutants into nearly unbreathable air. Migrants from the countryside, harassed by China's hukousystem of internal passports, form a readily exploitable labor pool with few legal protections. The system is fueled by Western investment and, Harney observes, hypocrisy. Retailers like Wal-Mart impose social responsibility codes on their Chinese suppliers, but refuse to pay the costs of raising labor standards; the result is a pervasive system of cheating through fake employment records and secret uninspected factories, to which Western companies turn a blind eye. But Harney also finds stirrings of change; aided by regional labor shortages, rising wages and intrepid activists. Chinese workers are demanding-and gradually winning-more rights. Packed with facts, figures and sympathetic portraits of Chinese workers and managers, Harney's is a perceptive take on the world's workshop. (Mar. 31)

Copyright 2007 Reed Business Information
From The Critics
Anyone running a company that outsources manufacturing to China, or is thinking of doing so, needs to read this book.
—Morgen Witzel

Product Details

  • ISBN-13: 9781594201578
  • Publisher: Penguin Group (USA) Incorporated
  • Publication date: 3/27/2008
  • Pages: 352
  • Product dimensions: 6.32 (w) x 9.22 (h) x 1.18 (d)

Meet the Author

Alexandra Harney is a former editor of the Financial Times. From 2003 to 2006, she was the South China correspondent for the paper.

Table of Contents

Introduction: The Better Mousetrap 1

Chapter 1 Hooked 18

Chapter 2 The Five-Star Factory 33

Chapter 3 The Physical Cost 56

Chapter 4 The Gold Rush 88

Chapter 5 The Stirring Masses 106

Chapter 6 The Girls of Room 817 148

Chapter 7 Accounts and Accountability 181

Chapter 8 The New Model Factory 235

Chapter 9 The Future of the China Price 272

Afterword 291

Acknowledgments 299

Notes 303

Bibliography 319

Index 327

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  • Posted May 31, 2011

    more from this reviewer

    Firsthand report on what China's industrial surge means to its people and to the rest of the world

    Shoppers know that the ubiquitous "Made in China" labels on everything from basic food and clothing to high-end electronics usually mean low prices. But most consumers don't realize the full extent of the repercussions that the "China price" extracts from the Chinese and the rest of world. Journalist Alexandra Harney undertakes an in-depth investigation into what Chinese workers must endure to save the average American family $500 a year: low wages, crushingly long work days and brutal - sometimes deadly - working conditions. But she also reveals the hidden costs the world pays for the China price, including climate change, air pollution, unemployment and unsafe products. Harney gained unprecedented access to secret factories, workers' homes and government offices to hear the personal, often chilling stories of what China's economic boom has meant for millions of people. Although Harney's argument ignores some mitigating factors, such as China's right to industrialize and the good that growth in China has achieved, getAbstract strongly recommends reading this book before your next shopping trip: Reflect on what that "$3 T-shirt or $30 DVD" player really costs the world.

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