The End of Cheap China: Economic and Cultural Trends that will Disrupt the World

The End of Cheap China: Economic and Cultural Trends that will Disrupt the World

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by Shaun Rein
     
 

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China is known for manufacturing cheap products, thanks largely to the country's vast supply of low-cost workers. But China is changing, and the glut of cheap labor that has made everyday low prices possible is drying up, as the Chinese people seek not to make iPhones, but to buy them. This evaporating labor pool will disrupt supply chains and consumption habits

Overview

China is known for manufacturing cheap products, thanks largely to the country's vast supply of low-cost workers. But China is changing, and the glut of cheap labor that has made everyday low prices possible is drying up, as the Chinese people seek not to make iPhones, but to buy them. This evaporating labor pool will disrupt supply chains and consumption habits around the world.

Rein takes an engaging and informative approach to examining the changes taking place across all levels of Chinese society, talking to everyone from Chinese billionaires and senior government officials, to poor migrant workers, and even prostitutes. He draws on personal stories and experiences from living in China since the 1990s, as well as hard economic data. Each chapter focuses on a different aspect of China's transformation—from trailblazing Chinese companies to newly employed Chinese women to the role of China's government—and at the end breaks down key lessons for readers to take away. You'll learn:

  • How rising labor and real estate costs are forcing manufacturers of cheap Chinese products to close, relocate, or move up the value stream

  • How China's move away from exports to domestic consumption will create opportunities for foreign brands to sell products in China rather than just producing there

  • How Chinese consumption will build pressure on the global commodities markets, causing both inflation and friction with other nations

  • How China's economic transformation spells the end of cheap consumption for Americans

China's days as a low-cost production center are numbered. The End of Cheap China exposes the end of our consumerist way of life, and gives clear advice on how companies can succeed in the new world order.

Editorial Reviews

From the Publisher
“…brilliantly written, colourful, witty and well signposted, so that readers know the lessons they are meant to draw from each chapter before moving on to the next one. These writers will not be the last to offer an answer to the question of what makes China tick. But they could be among the best of them.”-from “A Slice of the China Market” in The Financial Times

“Rein combines elegant writing and methodical research. Years of working in China have given him access to important players. Incisive interviews with billionaires, business executives, government officials, and migrant workers guide the pulse of the narrative.... essential reading.”-USA Today

 “Must Read.”-Consulting Magazine

Product Details

ISBN-13:
9781118172063
Publisher:
Wiley
Publication date:
03/27/2012
Pages:
240
Product dimensions:
6.20(w) x 9.10(h) x 1.00(d)

Meet the Author

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.

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The End of Cheap China: Economic and Cultural Trends that will Disrupt the World 3.2 out of 5 based on 0 ratings. 6 reviews.
LosAngelesDan More than 1 year ago
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.)
Quana-Madison More than 1 year ago
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.
Anonymous More than 1 year ago
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 ,
Anonymous More than 1 year ago
It was out of date a few years before it was published.
Anonymous More than 1 year ago
Anonymous More than 1 year ago