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The End of Cheap China
Book

The End of Cheap China

Economic and Cultural Trends that Will Disrupt the World

Shaun Rein
Wiley, 2012

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Editorial Rating

7

Qualities

  • Eye Opening
  • Insider's Take

Recommendation

Think beyond the incorrect stereotypes about China and read Shaun Rein’s reality check. This respected China expert takes you behind the scenes to see what is going on in China today. His main message is a cautionary note for Westerners: As Chinese factory wages skyrocket, products made in China and sold around the globe will become more expensive, and China will become the world’s most dynamic retail market. Despite its perhaps too-benign view of the Chinese government, getAbstract recommends Rein’s report to manufacturers, retailers and consumers.

Take-Aways

  • China was one of the world’s cheapest manufacturing locales. Not any more.
  • Increasing wages for factory workers and soaring real estate costs will force many foreign manufacturers to move their production facilities elsewhere.
  • Manufacturers in China now must compete for workers by raising wages. As Chinese salaries rise, so will the cost of goods worldwide.

About the Author

Shaun Rein is founder and managing director of the China Market Research Group and the author of a weekly CNBC column on business in China.

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    A. 3 years ago
    I see... In the era of post Chinese factory, it will be Vietnam and Thailand. But Chinese remains as big consumer...
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    S. C. 7 years ago
    I think it is not a good idea for Chinese business