Summary of The China Price

The True Cost of Chinese Competitive Advantage

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The China Price book summary
Understand what “Made in China” on the goods you buy really means for you, your family and your business.

Rating

8 Overall

7 Importance

8 Innovation

8 Style

Recommendation

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.

In this summary, you will learn

  • What gives rise to “the China price,”
  • What costs it incurs
  • What changes in the China price will mean for China and the rest of the world
 

Summary

At What Cost?
China now is the world’s third-largest manufacturer of all types of products, from low-end consumer goods to high-end electronic equipment, and it is poised to usurp the United States for the top spot by 2020. What China makes, it sells abroad: Its exports rocketed from $...
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About the Author

Alexandra Harney is a journalist who has covered Asia for The Financial Times.


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Contained in Knowledge Pack:

  • Knowledge Pack
    Critical Voices on China
    Delve into the darker aspects of China's boom, from the lives of the peasants to the downside of its economic adventures.

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