Summary of The End of Cheap China

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

The End of Cheap China book summary
Start getting smarter:
or see our plans

Rating

7 Overall

7 Importance

7 Innovation

8 Style

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.

In this summary, you will learn

  • Why wages are on a dramatic increase in China,
  • How this will boost the cost of the world’s manufactured goods,
  • Why China is quickly becoming an enticing retail market and
  • What motivates China’s rulers.
 

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.

 

Summary

China: It’s Not the Nation You Think It Is
Outsiders wrongly assume that China has millions of poor people who will work for pennies. China does have a vast number of people, 1.3 billion and counting, but pennies won’t do anymore. China was known for cheap labor in the past, but no longer...

Get the key points from this book in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

By the same author

Customers who read this summary also read

More by category