SHAUN REIN is the founder and Managing Director of the China Market Research Group, a leading strategic market intelligence firm that advises Fortune 500 companies, private equity firms, and hedge funds about profiting in China. Millions read his weekly CNBC column on business in China. He regularly appears on Bloomberg TV, CNBC, CBS News, CNN, and NPR, and is often featured in the Wall Street Journal, the Economist, the Financial Times, Bloomberg.com, and the New York Times.
The End of Cheap China: Economic and Cultural Trends that Will Disrupt the Worldby Shaun Rein
The End of Cheap China is a detailed look at the rise of China, and how it will affect the global marketplace. A thorough exploration of the changes taking place in the Chinese economy, the book explains how much of the Western consumerist culture is built on the/i>/b>
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As China evolves, so does the global marketplace—all the way down to the consumer
The End of Cheap China is a detailed look at the rise of China, and how it will affect the global marketplace. A thorough exploration of the changes taking place in the Chinese economy, the book explains how much of the Western consumerist culture is built on the back of cheap Chinese factory labor, and warns that the era is coming to a close. Readers will learn why the cheap labor pool is beginning to dry up, what that means for the rest of the world, and how businesses will have to adapt to stay afloat. This updated second edition includes new statistics, the latest news on the Chinese economy, and additional case studies that illustrate the ways in which China has developed—into a brand-new potential market.
China's social, political, and economic evolution will affect the entire world. Rising incomes are building pressure on the global commodities market, inflation is only just beginning, and consumers are experiencing sticker shock as cheap labor is becoming harder to find. The End of Cheap China explains the factors driving these changes, the impact that can be expected, and the opportunities that constitute a major silver lining for businesses panicking about the coming paradigm shift. Readers will:
- Discover the eight mega-trends changing China, and how far the ripples will spread
- Learn how rising costs in China will dramatically affect the American way of life
- Examine the rise of Chinese consumption, and the friction it engenders
- Consider the changes businesses must make to remain profitable in a changing world
The global marketplace is evolving, and it's up to businesses to keep pace with the changes. The End of Cheap China provides a roadmap for navigating these changes, helping businesses lead the charge toward a more affluent global economy.
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The world is flat, the world is round...different authors have different philosophies of economics. Read this book and see how both may be right; the real question is what is best for America and the world. Cheap China is keeping the peace in China (workers have jobs and are less likely to revolt) but is hurting America (why we need good job here, and I don't mean "service" jobs -- no matter how well they may pay.)
The End of Cheap China is an excellent book that engages you intellectually, invokes thoughtful questions and expands your interests about the cultural and economic changes of China. It provides fascinating case studies and essential considerations for operating businesses in China. It raises interesting points about the emerging modern Chinese woman, understanding the Chinese government, the fast changing real estate sector, Chinese neo-colonialism in Africa, the challenges of education reform in China and the larger global implications of China’s dynamic evolution as a society. This is essential book to read for anyone visiting or conducting business in China. It is an invaluable read for expatriates who have been living and/or working in China for years. Reading The End of Cheap China will cultivate an influential force that transforms, evolves and deepens your ideas about China, leaving you hungry for more information. By reading this book, you will gain an accurate understanding of the economic and cultural changes in modern China and the implications of China’s rise as a superpower and increasing roles in global institutions and world affairs. Shaun Rein is an inspiring thought-leader in our global society---- and so needed.
Nothing new here and the analysis of China's economy is rather sophomoric I agree with the previous reviewer that the book was dated even before it was published ,
It was out of date a few years before it was published.