The End of Cheap China : Economic and Cultural Trends That Will Disrupt the World

An exposé on how the rise of China will affect the American way of life The End of Cheap China is a fun, riveting, must-read book not only for people doing business in China but for anyone interested in understanding the forces that are changing the world. Many Americans know China 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 Chinese seek not to make iPhones, but to buy them. Shaun Rein, Founder of the China Market Research Group, puts China's continuing transformation from producer to large-scale consumer - a process that is farther along than most economists think - under the microscope, examining eight megatrends that are catalyzing change in China and posing threats to Americans' consumption-driven way of life. Rein takes an engaging and informative approach to examining the extraordinary 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 and drawing 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 fast-improving Chinese companies to confident, optimistic Chinese women to the role of China's government, and at the end breaks down key lessons for readers to take away. The End of Cheap China shows: How rising labor and real estate costs are forcing manufacturers of cheap Chinese products to close, relocate, or move up the value stream How a restructuring economy moving away from exports to domestic consumption, and rising incomes 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 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 America's consumerist way of life and gives clear advice on how companies can succeed in the new world order. **An exposé on how the rise of China will affect the American way of life**__The End of Cheap China__ is a fun, riveting, must-read book not only for people doing business in China but for anyone interested in understanding the forces that are changing the world. Many Americans know China 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 Chinese seek not to make iPhones, but to buy them. Shaun Rein, Founder of the China Market Research Group, puts China's continuing transformation from producer to large-scale consumer - a process that is farther along than most economists think - under the microscope, examining eight megatrends that are catalyzing change in China and posing threats to Americans' consumption-driven way of life. Rein takes an engaging and informative approach to examining the extraordinary 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 and drawing 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 fast-improving Chinese companies to confident, optimistic Chinese women to the role of China's government, and at the end breaks down key lessons for readers to take away.__The End of Cheap China__ shows:* How rising labor and real estate costs are forcing manufacturers of cheap Chinese products to close, relocate, or move up the value stream * How a restructuring economy moving away from exports to domestic consumption, and rising incomes 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 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 America's consumerist way of life and gives clear advice on how companies can succeed in the new world order.

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.

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. An Expose; On How The Rise Of China Will Affect The American Way Of Life As China Gains Recognition For More Than Its Low-cost Manufacturing, The Glut Of Cheap Labor Is Drying Up. America's Growth For The Past Three Decades Is Largely Thanks To Chinese Laborers' Willingness To Slave Away In Factories. As China Takes On A More Significant Role In International Affairs And As Commodity Prices Rise, Americans Face A Deepening Threat To Their Accustomed Way Of Life And Consumption. The Collapse Of China Cheap Exposes Eight Mega-trends That Are Catalyzing Change In China, Explains The Impact Those Trends Will Have, And Gives Expedient Tips As To How Businesses Can Profit In The Changing Global Marketplace.the Collapse Of China Cheap Shows: How Rising Labor And Real Estate Costs Are Forcing Manufacturers Of Cheap Chinese Products To Close, Relocate, Or Move Up The Value Stream How A Restructuring Economy Moving Away From Export To Domestic Consumption Will Create Opportunities For Foreign Brands To Enter China's Sales Market As Incomes Rise How Chinese Consumption Will Build Pressure On The Global Commodities Markets, Causing Inflation And Friction With Other Nations China's Days As A Low Cost Production Center Are Numbered. The Collapse Of China Cheap Exposes The End Of America's Consumerist Way Of Life And Gives Clear Advice On How To Succeed In The Changing Global Marketplace-- Shaun Rein. Includes Index. "An expose ; on how the rise of China will affect the American way of life As China gains recognition for more than its low-cost manufacturing, the glut of cheap labor is drying up. America's growth for the past three decades is largely thanks to Chinese laborers' willingness to slave away in factories. As China takes on a more significant role in international affairs and as commodity prices rise, Americans face a deepening threat to their accustomed way of life and consumption. The Collapse of China Cheap exposes eight mega-trends that are catalyzing change in China, explains the impact those trends will have, and gives expedient tips as to how businesses can profit in the changing global marketplace. The Collapse of China Cheap shows : How rising labor and real estate costs are forcing manufacturers of cheap Chinese products to close, relocate, or move up the value stream How a restructuring economy moving away from export to domestic consumption will create opportunities for foreign brands to enter China's sales market as incomes rise How Chinese consumption will build pressure on the global commodities markets, causing inflation and friction with other nations China's days as a low cost production center are numbered. The Collapse of China Cheap exposes the end of America's consumerist way of life and gives clear advice on how to succeed in the changing global marketplace"--Résumé de l'éditeur "An expose; on how the rise of China will affect the American way of life As China gains recognition for more than its low-cost manufacturing, the glut of cheap labor is drying up. America's growth for the past three decades is largely thanks to Chinese laborers' willingness to slave away in factories. As China takes on a more significant role in international affairs and as commodity prices rise, Americans face a deepening threat to their accustomed way of life and consumption. The Collapse of China Cheap exposes eight mega-trends that are catalyzing change in China, explains the impact those trends will have, and gives expedient tips as to how businesses can profit in the changing global marketplace. The Collapse of China Cheap shows: How rising labor and real estate costs are forcing manufacturers of cheap Chinese products to close, relocate, or move up the value stream How a restructuring economy moving away from export to domestic consumption will create opportunities for foreign brands to enter China's sales market as incomes rise How Chinese consumption will build pressure on the global commodities markets, causing inflation and friction with other nations China's days as a low cost production center are numbered. The Collapse of China Cheap exposes the end of America's consumerist way of life and gives clear advice on how to succeed in the changing global marketplace"-- Provided by publisher Many Americans know China 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. Shaun Rein, Founder of the China Market Research Group, puts China's continuing transformation from producer to large-scale consumer - a process that is farther along than most economists think - under the microscope, examining eight megatrends that are catalyzing change in China and posing threats to Americans' consumption-driven way of life. Rein takes an engaging and informative approach to examining the extraordinary 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 fast-improving Chinese companies to confident, optimistic Chinese women to the role of China's government, and at the end breaks down key lessons for readers to take away An expose on how the rise of China will affect the American way of life The End of Cheap China is a fun, riveting, must-read book not only for people doing business in China but for anyone interested in understanding the forces that are changing the world. Many Americans know China 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. Shaun Rein, Founder of the China Market Research Group, puts China's continuing transformation from producer to large-scale consumer - a process that is farther along than most economists think - under the microscope, examining eight megatrends that are catalyzing change in China and posing threats to Americans' consumption-driven way of life